Indonesian Minister of Trade Regulations on Soybeans
Report Highlights:
On May 8, 2013, the Government of Indonesia (GOI) released Presidential Regulation No. 32, 2013, which directed the National Logistics Agency (BULOG) to maintain stable prices and distribution of soybeans in Indonesia. Recently the Indonesian Ministry of Trade (MOT) issued four new
implementing regulations to implement the domestic soybean price stabilization program.
1. Minister of Trade Regulation No. 23, 2013 (Regulation No. 23) provides a general set of guidelines and rules concerning how soybeans can be imported, procured locally and distributed to domestic end users. Specifics can be found in the subsequent regulations.
2. Minister of Trade Regulation No. 24, 2013 (Regulation No. 24) provides the rules for importing soybeans; Importers must apply to become ‘registered’ and must then apply for an import permit. Whenever domestic beans are available (to be determined by GOI), proof of domestic bean procurement is a requirement for import permit applicants.
3. Minister of Trade Regulation No. 25, 2013 (Regulation No. 25) fixes prices for domestically procured soybeans at the farm gate level;
4. Minister of Trade Regulation No. 26, 2013 (Regulation No. 26) fixes prices for sales of soybeans to the tempeh and tofu producer cooperative (KOPTI)
