INDONESIA SUGAR
April 1st, 2003
BY MARK ROWE
THE INDONESIAN government has awarded the country's state logistics agency, Bulog, a license to import an extra 150,000 tons of sugar this year, in a bid to halt the dramatic increase in the price of sugar. A drastic sugar shortage has seen prices rise from 45 cents (US$) a kilo to 68 cents in recent weeks. Jakarta will then block all other sugar imports into Indonesia during May and June, the harvest period.
THE INDONESIAN government has awarded the country's state logistics agency, Bulog, a license to import an extra 150,000 tons of sugar this year, in a bid to halt the dramatic increase in the price of sugar. A drastic sugar shortage has seen prices rise from 45 cents (US$) a kilo to 68 cents in recent weeks. Jakarta will then block all other sugar imports into Indonesia during May and June, the harvest period.
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