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Indonesia seeks to become shallot supplier in global market: Bapanas

Indonesia3000: Indonesian Business Services Provider Posted on October 14, 2024 by tiscaOctober 14, 2024

Head of the National Food Agency (Bapanas) Arief Prasetyo Adi stated that Indonesia continually strives to become the world’s food producer, including for shallots.

Adi noted that shallots, as one of the commodities exported by Indonesia to Malaysia and other countries, have a high potential for Indonesia to meet the global needs.

“The hope is that Indonesia can become the world’s food producer,” he remarked at an international seminar on food security in Kuala Lumpur, Malaysia, on Saturday.

He explained that food exports are conducted when domestic food needs have been fulfilled through domestic production.

“We continue to encourage food commodities, whose production is in surplus in the country, to be able to expand and meet the needs of the international market,” he noted in a Bapanas statement received here.

Adi further remarked that making Indonesia the world’s food producer aligns with President-elect Prabowo Subianto’s commitment to realizing food self-sufficiency.

He highlighted that based on the Ministry of Agriculture’s data for the 2019-2023 period, Indonesia as a shallot exporter ranked 33rd globally. The average export value for 2019-2023 reached US$9.46 million annually.

“This is an impressive increase of 44.87 percent as compared to the 2017-2021 period when Indonesia was still ranked 35th, with an average (export value) of US$6.53 million per year,” he explained.

Furthermore, based on the national food balance projection by Bapanas, Indonesia is a shallot-producing country, with an annual production of 1.35 million tons.

“Meanwhile, the domestic consumption needs per year are 1.16 million tons. It means there is still a surplus of around 186 thousand tons,” he remarked.

He noted that in 2023, shallot was the biggest contributor to vegetable production, with a share of 13.59 percent.

To this end, shallots are deemed a horticulture commodity with export potential, especially to Southeast Asian countries.

Thailand is a Southeast Asian country that receives the most shallot exports from Indonesia, reaching six thousand tons, with a transaction value reaching US$8 million in 2023.

Meanwhile, Indonesia’s shallot exports to Malaysia continued to experience progressive escalation. In 2021, the quantity was still at 59.6 tons, which then continued to increase to 612.8 tons in 2023.

SOURCE: Antara News
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Posted in Development, Economy, Investment | Tagged business, economy, export, food, foodexport, importexport, indonesia, indonesia3000, indonesianexport, investment, shallots, trade

I-GCC FTA first round negotiations run well: Trade Ministry

Indonesia3000: Indonesian Business Services Provider Posted on September 17, 2024 by tiscaSeptember 17, 2024

Jakarta (ANTARA) – The Indonesian Ministry of Trade stated that the first round of the Indonesia–Gulf Cooperation Council Free Trade Agreement (I–GCC FTA) negotiations held in Jakarta on September 9–13, 2024, ran well. During the meeting held at the ministry’s office, the Indonesian delegation was led by the ministry’s Director for Bilateral Negotiations, Johni Martha, while the GCC delegation was led by the General Coordinator for Free Trade Agreements Negotiations of GCC, Raja Munahi Al-Marzoqi. Martha noted in a statement from his ministry here on Friday that the GCC is a strategic trade partner for Indonesia. The government is keen … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, exportimport, import, indonesia, indonesia3000, investment, trade | Leave a reply

China Nudged to Open Its Doors to Indonesian Durian

Indonesia3000: Indonesian Business Services Provider Posted on August 26, 2024 by tiscaAugust 26, 2024

Jakarta. The government is hoping that China will soon give its green light for Indonesian durians to enter the Chinese market. China is a big buyer of the fruit known for its distinctive odor, and Jakarta sees this as a huge business opportunity. Over the past few years, the Indonesian government has been trying to convince China that its durian is eligible for export. Today, Indonesia is waiting for China to issue a protocol that will let Jakarta export the so-called “king of fruits”. Foreign Affairs Minister Retno Marsudi also tried to secure the durian export protocol from her Chinese counterpart … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, import, indonesia, indonesia3000, indonesiachina, indonesiachinatrade, indonesiatrade, investment, trade

Indonesia’s Exports Reach US$20.84 Billion in June 2024

Indonesia3000: Indonesian Business Services Provider Posted on July 22, 2024 by tiscaJuly 22, 2024

The Central Statistics Agency (BPS) noted that Indonesia’s export value in June 2024 reached US$20.84 billion or decreased by 6.65 percent compared to exports in May 2024. However, when compared to June 2023, the export value increased by 1.17 percent. As stated by Acting Head of BPS Amalia Adininggar Widyasanti, non-oil and gas exports in June 2024 reached US$19.61 billion, down 6.20 percent compared to May 2024. However, it increased 1.40 percent compared to non-oil and gas exports in June 2023. Of the ten commodities with the largest non-oil and gas export values ​​in June 2024, most commodities experienced a … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, import, indonesia, indonesia3000, investment

Yadea Builds Electric Motor Factory in Karawang Rp. 2.4 Trillion, Largest in ASEAN

Indonesia3000: Indonesian Business Services Provider Posted on May 20, 2024 by tiscaMay 20, 2024

The best electric motorbike manufacturer from China, PT Yadea Teknologi Indonesia, is building its eighth production facility in the Surya Cipta area, Ciampel District, Karawang, West Java. The Yadea Manufacturing Plant project will require an investment of 150 million US dollars or the equivalent of IDR 2.4 trillion from this year to 2028. Yadea claims that the factory in Karawang will be their largest factory in Southeast Asia with a production capacity of 3 million units per year and standing on an area of ​​27 hectares. The facility is scheduled to operate in 2026. “Demand for high-quality electric two-wheeled vehicles … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, import, indonesia, indonesia3000, investment

CPO, Coal, and Durian Constitute Largest Exports to China: Kadin

Indonesia3000: Indonesian Business Services Provider Posted on May 6, 2024 by tiscaMay 6, 2024

The Indonesian Chamber of Commerce and Industry (Kadin) stated that crude palm oil (CPO), coal, and durian are the top commodities exported to China. “They are the largest commodities exported to China. First is still CPO and the second is minerals, which is the coal,” Kadin’s Deputy Chairman for Trade Juan Permata Adoe remarked here on Friday. Adoe noted that in terms of the export of Indonesia’s food and horticultural commodities, durian fruit is the most popular. He revealed that China has plans to invest in Indonesia’s downstream industry. “In addition, China is willing to invest in rice farming with … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, import, indonesia, indonesia3000, investment, trading

Indonesia’s Trade Balance Records $4.47 Billion Surplus in March 2024

Indonesia3000: Indonesian Business Services Provider Posted on April 25, 2024 by tiscaApril 25, 2024

Indonesia’s trade balance recorded a surplus of $4.47 billion in March 2024, up from $3.64 billion in February 2024. This marked a significant increase from March 2023, which stood at $1.65 billion. This marks the 47th consecutive month of surplus. In March 2024, exports reached $22.43 billion, marking a 16.4 percent increase from February 2024. However, this indicated a 4.19 percent contraction compared to March 2023. Meanwhile, imports in March 2024 totaled $17.96 billion, reflecting a 2.6 percent decrease from February 2024 and a 12.76 percent decrease from February 2023. “The Indonesian trade balance has recorded a surplus for 47 … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, import, indonesia, indonesia3000, investment, surplus

Oil and Gas Investment in Indonesia Will Reach IDR 212 Trillion in 2023

Indonesia3000: Indonesian Business Services Provider Posted on January 18, 2024 by tiscaJanuary 18, 2024

Total upstream oil and gas (oil and gas) investment in Indonesia in 2023 will reach 13.7 billion US dollars or the equivalent of IDR 212.87 trillion. This amount increased 13 percent from the previous year’s realization, higher than the long term plan ( LTP), and above the Global E&P investment trend. ” God willing, in 2024 our target is 17.7 billion US dollars. So, there will be a significant increase. “Hopefully everything will go well,” said Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Dwi Soetjipto in a press conference at the beginning of the year at the SKK Migas … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, import, indonesia, indonesia3000, investment, oilandgas

Jokowi Discusses Potential Investment of US$15 Billion with Exxon

Indonesia3000: Indonesian Business Services Provider Posted on November 17, 2023 by tiscaNovember 17, 2023

Indonesia’s President Joko Widodo (Jokowi) met with Chairman of Exxon Mobil Corporation Darren Woods to discuss the company’s plan on investing as much as US$15 billion in the energy sector in Indonesia. During the meeting that took place in San Francisco, the United States, on Wednesday (November 15) local time, the president welcomed Exxon’s plan to invest its capital in the development of a green petrochemical refinery and carbon capture storage (CCS) facility. “I would like to appreciate the plan on the cooperation in developing a green petrochemical refinery and carbon capture storage facility, with the investment value reaching US$15 … Continue reading →

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Posted in Development, Economy, General Info on Indonesia, Investment | Tagged business, development, economy, export, import, indonesia, indonesia3000, investment

Indonesia in Pursuit of Dutch Semiconductor Investors

Indonesia3000: Indonesian Business Services Provider Posted on November 6, 2023 by tiscaNovember 6, 2023

Indonesia is trying to get some investors to invest in its semiconductor industry, and Jakarta recently took a shot at attracting Dutch investors. The Dutch top diplomat, Hanke Bruins Slot, visited Jakarta on Tuesday to meet her Indonesian counterpart Retno Marsudi. With the Netherlands being home to a well-developed semiconductor industry, Indonesia took the opportunity to get some potential Dutch investment. According to Retno, the Netherlands is already a major investor in Indonesia. And the archipelagic country wants the Netherlands to further expand its investment into other sectors. “The Netherlands is the largest investor from Europe contributing more than $15.5 … Continue reading →

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Posted in Development, Economy, Investment | Tagged business, development, economy, export, exportimport, import, indonesia3000, indonesiaexportimport, investment | Leave a reply

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