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On, September 26, 2023, the Government of Indonesia (GOI) announced it will authorize the importation of an additional 2 million metric tons (MMT) of rice to offset rice production shortfalls and bring down rice prices. BULOG, a state-owned logistics company, reported its 2022/23 ending stocks risk falling below food security levels.
In 2022, the Indonesian foodservice industry was valued at $29 billion, an almost 30 percent increase from the previous year, making it the largest foodservice market in Southeast Asia.
Indonesia’s wheat imports are forecast to decline to 10.6 million tons due to lower food consumption as a result of Covid-19 restrictions and less feed demand due to lower broiler meat production...
Indonesia’s grocery retail sector is the largest in Southeast Asia, reaching $115 billion in sales in 2019.