Business & Economy

Government increases import share for tender sugar

Jakarta (ANTARA News) – The supervision has increasing a import share of tender sugarine by 400,000 tons to accommodate domestic expenditure following disappearing prolongation in a country.

Trade Minister Enggartiasto Lukita settled here on Monday that additional sugarine imports, that would be offering to 8 refineries, has nonetheless to take into comment a direct for a domestic food and libation industry.

“To cover prolongation deficiency, we have to import and routine it into white sugar. The share was given to producers, and during a initial stage, we will import 400,000 tons of tender sugar,” Lukita noted.

Domestic sugarine expenditure is approaching to strech 3.2 to 3.5 million tons per year, with smallest expenditure foresee during 250,000 tons per month.

With domestic sugarcane prolongation during 2.1 million tons per year, a supervision will need to cover a miss in supply by adult to one million tons per year.

The supervision has set a roof cost for white sugarine during Rp12,500 per kilogram (kg) formed on a agreement reached between a producers and distributors.

The additional tender sugarine import has nonetheless to be enclosed in a direct for a food and libation industry, that already has a permit to import 1.5 million tons of tender sugar.

“This is detached from (the import quota) for a food and libation industry. We will forestall bonds of (raw sugar), meant for a food and libation industry, from reaching a consumer market,” Lukita emphasized.

In 2016, a supervision had tasked Perusahaan Perdagangan Indonesia (PPI) Persero, a state logistic group (Bulog), and PT Perkebunan Nusantara (PTPN) with covering a supply shortages.

However, in 2017, a supervision will extend licenses directly to a producers and distributors.

In 2016, a supervision had tasked Bulog with importing 260,000 tons of tender sugar; PTPN X, 114,000 tons; and PPI, 190,000 tons of tender sugar.

Of a sum import share for PTPN X, a product was processed by PTPN IX, PTPN X, PTPN XI, PTPN XII, PT PG Rajawali I, and PT PG Rajawali II.

According to a government, a import intrigue for tender sugarine to be processed into white sugarine would not be adopted permanently. The pierce was done to perform a stream demand, while boosting a domestic sugarine industry.

“Our aim is to turn independent, though we can't strech a aim given sugarine refineries are still confronting a problem of shortages in sugarcane supply. We wish state enterprises to boost a peculiarity and apportion of their products in fit ways,” he added.

As of January, a domestic sugarine cost was available during Rp14,087 per kg, a decrease of 0.33 percent as compared to Rp14,133 per kg in Dec final year, while a supervision has targeted to revoke a cost to Rp12,500 per kg.(*)

Article source: http://www.antaranews.com/en/news/108956/government-increases-import-quota-for-raw-sugar

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