Jakarta aiming to ramp up soybean production


Little incentive: A teller counts rupiah bank notes in Jakarta. The meagre price for soyabeans is driving farmers to other commodities such as rice and corn, says a union chairman. — Reuters

JAKARTA: The government is looking to develop genetically modified organisms (GMO) to boost domestic soybean production and reduce imports in a move experts say is “unnecessary” as it is expected to fail to address key hurdles in national soybean production.

Head of the National Food Agency (Bapanas), Arief Prastyo Adi, said Indonesia must prepare to use genetically modified soybeans to reduce dependence on imports.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Malaysia's property sector to shift to fundamental- driven growth - Knight Frank
Semico Capital achieves 80% premium over IPO price, raises RM23.2mil
Asia stocks climb as Nikkei jumps to record, earnings loom
Australian, New Zealand dollars rise on yen outflows, weak greenback
Amanda Lacaze to retire as Lynas CEO, MD
Japan's Nikkei hits all-time high on Wall Street rally, snap election bets
Ringgit extends gains against US$ at opening
FBM KLCI hits 1,700 as banks surge to record levels
Trading ideas: Sunway, IJM, TM, Lianson Fleet, HE, Vantris, IGB, Favelle Favco, AnwaBiru, Rexit, Melati Ehsan
S&P 500, Dow hit closing record highs; Walmart, tech climb

Others Also Read