Indonesia’s corn stock declines

28.10.2016

Corn stock at many feed millers’ warehouses in Indonesia is low, according to Musbar, Forum Coordinator of the National Layer Farmers Association. “Their stock will finish this month [October],” he said, adding that: “the situation is getting worrying as the new season for rice planting will start soon. Only a few millers have secured corn stocks for November from local supplies.”

As a result, Mr Musbar said the price of local corn once touched USD 0.34/kg. For layer farmers, this price increase will affect their profit margin. “So with this situation, will challenge the Agriculture Ministry's statement that local corn supply is sufficient until the end of this year,” he said.


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