Bulog to have sugar stock of 300,000 tons

JAKARTA. State-owned logistics firm Bulog plans to build sugar stocks of up to 300,000 tons next year to stabilize prices.

Bulog president director Sutarto Alimoeso said on Wednesday that it would buy sugar both from local sugar mills and overseas suppliers of raw and white sugar.

“We will use the stockpile to increase supplies in areas suffering from shortages to control prices,” he told reporters after a meeting on food at the Coordinating Economic Ministry.

Although imports would be an option, Bulog would prioritize local purchases to build-up stocks, Sutarto added. Indonesia needs white sugar supply of about 2.8 million tons a year.