ID :
77149
Thu, 08/27/2009 - 08:59
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Shortlink :
https://www.oananews.org//node/77149
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INDONESIAN PLANTATION FIRM AWAITING INSTRUCTION TO INTREVENE IN SUGAR MARKET
Surabaya, E Java, Aug 26 (ANTARA) - State-owned plantation firm PT Perkebunan Nusantara (PTPN) VI is waiting for instruction from the ministry of state enterprises to launch a nation-wide sugar market operations to overcome the commodity's price increase problem.
Corporate Secretary of PTPN XI Adig Suwandi said on Wednesday that state-owned sugar companies and the trade ministry would hold a technical meeting on Thursday to discuss the plan to launch market operations.
"Basically, we are ready to support the market operation plan. What we need to think about is its technical implementation. Ideally, it should be carried out through sugar bazaars," he said.
The market operations will be launched in response to the rising of sugar price which was previously recorded at Rp8,000 - Rp6,500 per kg to Rp9,500 per kg.
During the market operation, sugar will be sold at the highest retailer market price at Rp7,000 per kg in Java and Rp7,500 outside Java.
The increase in sugar price is predicted to continue until the post-fasting lebaran festivities because sugar stocks in the market are declining, although sugar cane grand harvest and milling season are now going on.
In the current 2009 milling season, the national sugar production of 60 factories is estimated at 2.7 million tons, while the need for sugar for direct consumption reached 2.6 million tons.
The need for refined sugar reaches 1.2 million tons, consisting of one million tons for large-scale industries and 200,000 tons for middle and small scale industries,***2***
Corporate Secretary of PTPN XI Adig Suwandi said on Wednesday that state-owned sugar companies and the trade ministry would hold a technical meeting on Thursday to discuss the plan to launch market operations.
"Basically, we are ready to support the market operation plan. What we need to think about is its technical implementation. Ideally, it should be carried out through sugar bazaars," he said.
The market operations will be launched in response to the rising of sugar price which was previously recorded at Rp8,000 - Rp6,500 per kg to Rp9,500 per kg.
During the market operation, sugar will be sold at the highest retailer market price at Rp7,000 per kg in Java and Rp7,500 outside Java.
The increase in sugar price is predicted to continue until the post-fasting lebaran festivities because sugar stocks in the market are declining, although sugar cane grand harvest and milling season are now going on.
In the current 2009 milling season, the national sugar production of 60 factories is estimated at 2.7 million tons, while the need for sugar for direct consumption reached 2.6 million tons.
The need for refined sugar reaches 1.2 million tons, consisting of one million tons for large-scale industries and 200,000 tons for middle and small scale industries,***2***
