Indonesia sets domestic soybean price floor to protect farmers
date:May 27, 2013
otas to protect domestic agriculture.

Indonesia, a country of 240 million which meets 70 percent of its annual needs of the oilseed through imports, now links traders' imports of soybeans to the volume of the oilseed they buy at home.

Although Indonesian soybean imports are relatively small compared to the world's top buyer China, as wealth increases and eating habits change, shipments are likely to steadily climb.

Total soybean imports into Indonesia will hit 1.8 million tonnes this year, ac
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