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Indonesia cannot escape soybean imports. This commodity is always imported from abroad every year because it is needed for tofu and tempeh production. This is because the local soybean supply has not been able to meet market demand in Indonesia.
However, the value of soybean imports has been steadily declining since 2018. At that time, the value of soybean imports fell by 4.14% to US$1.1 billion. A year later, the value of soybean imports decreased by 3.49% to US$1.06 billion.
The value of soybean imports fell again by 5.74% to US$1 billion in 2020. From January to March 2021, the government imported 699,700 tons of soybeans worth US$371.3 million.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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