date:Jun 28, 2013
oybeans at a price of 7,450 rupiah ($0.75) per kg, said Syarifuddin, adding that similar deals for soybeans may be struck in the future.
The price is equivalent to about $20.40 a bushel.
Last year a devastating drought across the U.S. grain belt curbed global supplies and pushed benchmark Chicago soybean futures to a record high.
Chicago soybeans are still being supported by razor-thin U.S. supplies with old-crop prices quoted at $15.34-3/4 a bushel, a premium of about $2.59 a bushel over the