Bulog to expand activities beyond rice
April 01, 2002
by Chrystal Shannon
JAKARTA, INDONESIA — The government of Indonesia has disclosed a plan to allow Bulog, the state-owned commodity trading and distribution agency, to expand its activities beyond the domestic rice trade, with the aim of increasing profits.
At one time, Bulog was the sole importer of wheat into Indonesia, but the flour milling and trading companies now are the main participants in wheat trade. It has also loosened its monopoly over flour distribution, as the government has tried to remove itself from industry. No specific mention of wheat, however, has been made by the government or Widjanarko Puspoyo, the chief executive of Bulog.
Most of the changes in Bulog’s business will come into effect by June 2003.