date:Sep 22, 2013
Indonesia, set to be crowned Southeast Asia's biggest soybean importer this year, buys in 70-80 percent of its soybean needs, mainly from the United States. Inbound volumes are expected to reach a record 2.1 million tonnes in 2013/14.
But a weak currency and high international prices have driven up domestic prices of soybeans in recent weeks, while multiple policy changes over the past six months - such as trying to force traders to buy locally and issuing price controls - have kept the market