The solution is to increase production in Indonesia, the top supplier and processor in the region, according to the Cocoa Association of Asia. But that’s going to be a tough assignment.
Trade
The world’s top palm oil producer has told some retailers to remove food products with “palm oil-free” labels from their shops, as it seeks to protect its key export.
“The international world should be able to perceive our talent. Once again, we must be more expansive (in our approach), by migrating from local to global.”
Indonesian President Joko Widodo is set to unveil measures to lift Southeast Asia’s largest economy from the stagnation that’s marked his first term, amid rising risks from a global slowdown and escalating trade war.
Indonesia, the top producer of the world’s most-used vegetable oil, is seeking to raise import tariffs on EU dairy products to 8%-18%, according to Trade Minister Enggartiasto Lukita
Thomas Lembong, the influential chairman of the Investment Coordinating Board, BKPM, says opening up the university sector to overseas players will be a key part of the foreign investment push.
Salim, best known for controlling Indofood Sukses Makmur, the country’s largest food company and the world’s largest instant noodle producer, has in recent months been keen to attract younger consumers.
Competition from China and the ‘Fourth Industrial Revolution’ pose existential questions for Indonesian industry. Trade wars, on the other hand, could be beneficial, as Indonesia may be…
