Indonesia Restricts Agricultural Imports
Jakarta. Indonesia has introduced import restrictions for several agricultural commodities such as feed wheat and mung beans, among others.
The restrictions also affect peanuts, soybean meal, pears, as well as rice meant for livestock.
Importers now must secure the Trade Ministry's approval. They must also earn technical recommendations from the Agriculture Ministry.
"We wish to improve import policies. We want to maintain a balance between domestic supply and demand, while also protecting prices for domestic producers. We also hope to strengthen national food security," Budi said, as reported by the state news agency Antara on Thursday.
Andri Gilang Nugraha, a senior official at the Trade Ministry, went on to say that the move could reduce Indonesia's dependence on imports.
"Take a look at mung beans and peanuts. Our farmers have lost interest in growing these crops because imported products were able to enter our market without duration or volume restrictions," Gilang said.
The permit for feed rice importers must also come with a commodity balance sheet. Pear importers have to submit a proof of control over their cold storage and other related documents. Indonesia also requires importers of both products to submit a surveyor's report.
Tags: Keywords:Related Articles
Indonesia Restricts Agricultural Imports
The restrictions also affect peanuts, pears, as well as rice meant for livestock.Indonesia Agrees to Buy 580,000 US Grandparent Chickens Under Trade Pact
Indonesia will import $20 million in US poultry breeding stock to boost genetics under its new reciprocal trade agreement.The Latest
Indonesia's New Citizenship Fees: Rp 75 Million to Naturalize, Rp 5 MIllion to Renounce
Indonesia will charge up to Rp 75 million ($4,180) for foreigners applying for Indonesian citizenship under a new regulation.#Sell Campaign Doesn’t Reflect Strong Indonesia Ties, Singapore Says
#SellSingapore and #SellIndonesia recently took social media by storm, as Jakarta grappled with tumbling stocks and weakening rupiah.Prabowo's Foreign-Agent Rhetoric Weakens Indonesia's Fight Against FIMI
Prabowo's "foreign agent" rhetoric risks conflating dissent with foreign interference, weakening Indonesia's democratic resilience.Economist Sees Another BI Rate Hike as Indonesia Seeks $11B in Capital
Trimegah Sekuritas expects BI to raise rates by another 25 bps, saying Indonesia still needs $11 billion in foreign capital this year.Women Trapped in the Vicious Cycle of Loan Sharks
Under the bank emok system, the repayment is joint liability, where one person's debt becomes the shared responsibility of an entire group.Most Popular
