Indonesia presses businesses to source for one million cows


Jakarta is pressing private companies to fund the imports – an unorthodox approach causing concern amongst the business community in South-East Asia’s largest economy. — Reuters

JAKARTA: The once-empty barns of the Laras Ati milk cooperative in Kuningan, West Java, are filled with the recent arrival of more than 200 pregnant spotted Holstein-Friesian cows from Australia under President Prabowo Subianto’s ambitious plan to ratchet up milk production.

The centrepiece of a programme to provide free meals to 83 million children and expectant mothers, the plan calls for importing a million dairy cows over five years, at a cost of nearly US$3bil, to lift the size of the country’s dairy herd more than four-fold from 220,000 now.

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

Next In Business News

Geohan sets sights on Singapore to drive regional growth
DRB-Hicom shares up on revised US$110.62mil purchase price for Spirit MY
AirAsia X eyes second-tier cities and broader Europe-Central Asia connectivity next year
Japan's Nikkei skids in subdued Asia as bets of rate hike grow
Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
Ringgit opens stronger at RM4.10 vs greenback
Subdued trading on Bursa continues as traders await Fed rate decision
Trading ideas: DRB-Hicom, Al-Aqar, Haily, Pharmaniaga, Gagasan Nadi, Paragon, Orkim, BMS, VS Industry, APB, Destini, MSC, Only World, HB Global, Jetson
Indices end near flat, supported by Fed hopes
Ringgit to hold firm into next year

Others Also Read