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Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

Bulog Proposes Sugar Imports to Stabilize Prices ahead of Lebaran Holidays

English indonesian economy (en)
Antara • 19 Februari 2020 19:10
Jakarta: The State Logistics Agency (Bulog) has put forth a proposal to import 200 thousand tons of refined crystal white sugar to stabilize sugar prices.
 
"We only have sugarcane harvest after Eid Al-Fitr. We have urged the government to task (Bulog) with importing sugar," Bulog's Director for Operational and Public Services Tri Wahyudi Saleh stated here on Wednesday, February 19, 2020.
 
We proposed 200 thousand tons of imports for consumption not in raw sugar," he added.

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According to him, the import is aimed at stabilizing the sugar price at the consumer level, especially ahead of the fasting month and Eid al-Fitr when there is a significant rise in consumption.
 
Bulog's proposal on sugar import was also conveyed during a coordination meeting held at the office of the Coordinating Ministry for Economic Affairs on Monday, February 17, 2020. The sugarcane harvesting period will only be started concurrently with the fasting month and Eid al-Fitr during the April-May period. Hence, imports are deemed necessary as a precautionary measure against the increased demand.
 
"Several parties have urged Bulog to build its stock. We conveyed this at the meeting that we need (the stock) to stabilize the price," Saleh stated.
 
The government has approved sugar imports of 495 thousand tons to cover the gap that has reached 500 thousand to 600 thousand tons. (Antara)
 

(WAH)
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