Cambodian Minister Supports Proposed Acquisition of Rice Companies
Published on: June 21, 2024.
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No problem with plan to acquire Cambodian rice firms, says minister
Jakarta – Agriculture Minister Andi Amran Sulaiman expressed his support for the recent plan by state-owned logistics company Bulog to secure rice stocks for Indonesia by acquiring rice companies in Cambodia. Sulaiman emphasized the importance of optimizing Indonesia’s potential to stimulate the domestic economy and saw no issue with Bulog’s plan.
To ensure the acquisition is successful, Sulaiman highlighted the need for domestic efforts to maximize food resources. This includes creating new rice fields, optimizing existing ones, and enhancing watering systems. Sulaiman also mentioned that Indonesia had achieved self-sufficiency in rice in the past, and even with current imports, the figure should not exceed 10 percent.
In preparation for a potential decline in food reserves due to an expected drought from July to October, the distribution of water pumps to all provinces has been initiated. This is seen as a short-term solution and the most appropriate measure for mitigating the effects of drought and El Nino, according to Sulaiman.
Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan confirmed that Bulog will acquire rice sources from Cambodia to secure domestic rice stocks. The decision was directly ordered by President Joko Widodo. Bulog CEO Bayu Krisnamurthi stated that the company is ready to explore collaboration potential with Cambodia, both in terms of the economy and food investment. Previous cooperation between Bulog and Cambodia has already taken place through business-to-business and government-to-government schemes.
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Source: ANTARA
