Indonesia is leaving no stone unturned to control sugar prices in the country. According to the media reports, the country has issued additional import permits for 550,000 tonnes of raw sugar for household consumption.
Recently, to maintain the demand-supply gap, Indonesia had issued import permits for 438,802 tonnes of raw sugar for household consumption until May.
Indonesia usually starts the season in May, which as per reports is likely to be delayed this year to the end of June. Well, India is at the forefront to encash this export opportunity to Indonesia. Head of the ministry’s food security body, Agung Hendriadi, had earlier stated, “The country may prioritise purchase from India.”
Indonesia’s Trade Minister Agus Suparmanto had earlier stated that the government are taking steps to stabilize sugar prices in the country.