January 9, 2021
Soybean stockpiling, price rigging in Indonesia under police investigation
Soybean stockpiling and price fixing speculations are being investigated by the Indonesian police's Criminal Investigation Department as the cause of recent soybean scarcity in the country.
The police's Food Task Force was instructed by the Criminal Investigation Department's chief commissioner, General Listyo Sigit Prabowo, to inspect several warehouses in Cikupa, Cengkareng and Bekasi, belonging to importers and soybean distributors.
In a written statement on January 5, Prabowo said: "The district level task forces are also instructed to check prices, availability, as well as inspect processing places — especially micro, small and medium enterprises that produce tempeh and tofu."
Brigadier general Helmy Santika and police's Food Task Force chief said they have the necessary data and analysis regarding national availability and demand for soybeans.
Santika has also coordinated with the Trade Ministry, the Agriculture Ministry and other relevant parties to investigate allegations of stockpiling and price rigging.