Indonesia to boost soybean output to 900,000 tonnes

by uusjio | January 15, 2008 at 08:34 pm

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Indonesia plans to boost domestic soybean output to 900,000 tonnes this year to reduce dependence on imports as soaring prices have hurt the local food industry, Agriculture Minister Anton Apriyantono said on Tuesday.
"We will distribute good-quality soybean seedlings for free to farmers and revive soybean producing-areas which have been neglected," Apriyantono was quoted by Reuters as telling reporters.
"We expect soybean output will increase to 850,000-900,000 tonnes this year. It's the minimum target."
The country produced an estimated 608,260 tonnes in 2007.
On Monday, the Indonesian government scrapped a 10 percent import duty on soybean to offset soaring soybean prices.
U.S. soybean futures at the Chicago Board of Trade ended mixed on Monday as traders booked profits after a huge, two-day rally. Earlier, new-crop contracts rose above the 50-cent limit on follow-through momentum from Friday.
Sutarto Alimoeso, director general of food crops at the ministry, said the government plans to

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