Jakarta (VNA) - The Indonesian government will increase imports as a solution to curb price hikes of food, especially corn, sugar, and rice, President Joko Widodo stated at a cabinet meeting on October 9.
Talking to media afterthe meeting, Trade Minister Zulkifli Hasan said the prices of sugar and corn were gradually increasing given the current global situation,such as conflicts and El Nino phenomena.
He saidthat Indonesia will import 250,000 tonnes of corn for the animal feed industry. Meanwhile, it will wait forprices to decrease before deciding to import sugar.
Sugar importers only register to import about 30% of the total allocated sugarimport quota, he added.
According to the minister, the government isalso cooperating with several countries to purchase rice if needed. TheSoutheast Asian nation has planned to import an additional 1.5 million tonnes toincrease its national rice reserves, which stood at only 1.7 million tonnes asof October 6./.
