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27 Jul 2016

PT RNI and PTPN urged to accelerate the realization of 114,000 tonnes of “Raw Sugar” Imports

PT RNI and PTPN urged to accelerate the realization of 114,000 tonnes of “Raw Sugar” Imports


Ministry of Industry had issued recommendation for import of 114,000 ton raw sugar before for five State-owned Enterprises, namely PT Rajawali Nusantara Indonesia (RNI), PTPN IX, PTPN X, PTPN XI, and PTPN XII.


Panggah said, one of the efforts to decrease the price of granulated sugar that has now reached Rp 16,000 per kilogram (kg) is to increase the supply.


"Yes, the recommendation that we have issued will be realized right away. Not much has been realized yet," said Panggah when met after coordination meeting at the Office of Coordinating Ministry for Economic Affairs, Jakarta, Tuesday (26/7/2016).


Panggah admitted that it is very difficult to find supply of raw sugar because world production decreased due to climate change La Nina.


Raw sugar supplying countries such as Thailand and Brazil also experienced production decrease.


As a result, the price of raw sugar also experienced increase of around 25-28 percent per ton.


Therefore, Panggah hopes that the State-owned Enterprise that had obtained import recommendation can realize it before September 2016.


"Earlier, the Coordinating Minister expects that the price of granulated sugar can be Rp 12,500 per kg at the end of the year," concluded Panggah.













Writer : Estu Suryowati
Editor : M Fajar Marta

http://bisniskeuangan.kompas.com/read/2016/07/26/160621826/pt.rni.dan.ptpn.diminta.percepat.realisasi.impor.114.000.ton.raw.sugar.

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