January 30, 2013

Indonesia's 2013 soy imports to rise by 3%

Bolstered by falling domestic output and rising demand, Indonesia's soy imports will rise by 3% to 1.8 million tonnes this year.

Indonesia, which buys about 80-90% of its soy needs from the US, shipped an estimated 1.75 million tonnes last year, said Benny Kusbini, chairman of the National Soy Council.