Nation likely to have a new food law to achieve self-sufficiency.

By bne IntelliNews November 22, 2012
Indonesia has drafted a new food law to accelerate its self-sufficiency efforts by creating a new "super body", resulting in more control on imports and exports of staples, delaying overseas investment and increasing prices. As reported by Reuters News, Achmad Suryana, the head of the Food Security Agency at the agriculture ministry, stated that the new food law is expected to prioritize getting food supplies from domestic sources. The nation finds it difficult to meet the high demand from 240mn citizens; it is globally the top importer of sugar and Asia's largest importer of wheat.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335