The country’s trade ministry said that Vietnam has imposed an anti-dumping and anti-circumvention levy on Thai sugar imported via 5 ASEAN nations.
Indonesia – Al Khaleej Sugar plans to invest US$2 billion in sugar factory complex [Full subscriber]
Dubai-based Al Khaleej Sugar Co. (AKS) plans to invest US$2 billion (IDR26.66 trillion) to build a new sugar factory along with a cogen unit and an ethanol plant, according to local press reports.
Kapal Api, one of the top coffee producers in Indonesia, is investing in a new cane sugar factory in the Maluku Islands, according to a press release from BMA who is supplying the technology.
Indonesia, the world’s second-biggest sugar importer is fostering expansion in sugar production to cut imports, reported Bloomberg
Indonesian state-owned plantation company PT Perkebunan Nusantara III (PTPN III) will add 60,000 to 70,000 hectares to its sugar plantation to expand sugar production, PTPN CEO Mohammad Abdul Ghani told parliament on 8th July, reported Reuters.
Indonesia has issued import permits for 150,000 tonnes of white sugar, Musdhalifah Machmud, a deputy minister at the Coordinating Ministry of Economic Affairs told Reuters on 8th April.
Amidst the turbulence caused by the Covid-19 outbreak various food items prices have risen. This includes sugar. To bring prices down, the trade ministry has issued permits to import 2.4 million tonnes of raw sugar, reported Reuters.
The agribusiness Olam International has agreed to sell its remaining 50% stake in Indonesian sugar joint-venture Far East Agri to Mitr Phol Sugar Corporation for between US$82.5 million and US$85 million.
Indonesia has issued import permits for 438,802 tonnes of raw sugar for household consumption until May, Trade Minister Agus Suparmanto confirmed, reported Reuters.
Indonesia is revising its sugar import rules. Purchases will be limited to high pol raw from overseas, according to Indrasari Wisnu Wardhana, the Trade Ministry’s foreign trade director general, reported Reuters.