ANNOUNCEMENT 13 Jun 2013In June 2013, the government of Indonesia announced a change in production support.
NUMBER OF INTERVENTIONS
On 13 June 2013, Indonesia fixed the sale price of soybeans to domestic tofu/tempe producers. According to Regulation 26/2013, the price is set at IDR 7450 (USD 0.75) per kilofor purchases from producers participating in the Soybean Price Stabilization Program. Local tofu producers are therefore favored by fixed input prices that are potentially below the market price.
This measure is related to the minimum soybean price established in regulation 25/2013 (see related measure). The measure enters into force on 1 July 2013.