Changes in soybean seed import duty of zero percent to five percent starting from January 1, 2012 as set out in the Minister of Finance (PMK) No. 13/2011 has driven up commodity prices in the country.
"The effect on the price increase has been seen since late last month. Prices of soybeans earlier between Rp5.500-Rp5.600 per kilogram now increased to Rp5.800-Rp 6.000 per kilogram at the craftsman level," said Chairman of the Joint Cooperative Business Field Producer Tempe Tofu Indonesia (Gakoptindo) Sutaryo in Jakarta, Tuesday (3 / 1).
He also estimate subsequent soybean seed prices will likely rise because there are fears the increased production of these commodities are not comparable with the increased demand.
"Especially now China went public. In need of a fairly large, about 34 million tons, they can absorb the Brazilian and Argentine soybean production in large quantities as well as affect the price," he said.
Such conditions would force domestic businesses that use soy beans as raw material to adjust the selling price of products because until now most of the soybean seed supply still comes from imports.
According Sutaryo, soybean needs nationwide each year about 2.4 million tons and of that number only between 500,000 tons to 600,000 tons, which can be met by domestic producers of soy beans.
"Soybeans are imported every year an average of 1.8 million tonnes and 80% of them for the production of tofu and tempe," he said.
Soybean imports during January-November 2011, according to Central Statistics Agency (BPS), has reached 1.81 million tons (U.S. $ 1.09 billion). Soybean origin imported into the United States mostly from Indonesia, Malaysia, Argentina, Uruguay and Brazil.
While domestic production of soybean seeds, according to figures forecast Connecticut, in 2011 only reached 870.07 thousand tons of dried soy beans, down 4.08% compared to 2010 and lower than the production target set by the government as much as one million tons.
Decline in production, according to BPS data collection, primarily due to soybean crop area harvested in 2010 recorded 660,823 hectares was reduced to 631,425 hectares in 2011. (Ant)
Source : www.medanbisnisdaily.com