Indonesia, one of the biggest importers of sugar in the world, is planning to reduce sugar imports and focus on increasing domestic production to meet domestic needs.
According to the media report, State plantation holding company PT Perkebunan Nusantara III plans to expand sugarcane plantations and renovate mills in a bid to double production to 2 million tons of sugar a year by 2025.
Also, sugar consumption in Indonesia has seen a dip as the cases of coronavirus have increased in the country. As per the Indonesian Sugar Association, the country has witnessed 25 per cent dip in sugar consumption between March and June. Sugar demand is expected to be around 225,000 tonnes this month as against usual demand of 250,000 to 260,000 tons per month.
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