date:Sep 17, 2013
ing the recent price hikes.
Indonesia buys in 70-80 percent of its soybean needs, mainly from the United States, and is set to become Southeast Asia's biggest importer in 2013/14 with a record 2.1 million tonnes, according to United States Department of Agriculture data.
Importers require an import permit, which is issued by the government, and the market is dominated by a handful of companies.
These include FKS Multi Agro Tbk, which has about 60 percent of the market share according to indus