Australian firm may invest in Bogasari<\/p>\n
MELBOURNE (Bloomberg): AWB Ltd., the monopoly exporter of
\nAustralian wheat, is interested in investing in PT Bogasari Flour
\nMills, Indonesia's largest flour miller, Chairman Trevor Flugge
\nsaid.<\/p>\n
\"It is of some interest,\" Flugge said of the chance to invest
\nin Bogasari, which is majority owned by PT Indofood Sukses
\nMakmur.<\/p>\n
\"We've had discussions\" about taking a stake in Bogasari, he
\nsaid, but no action has been taken. Flugge added that he was
\nstill not certain what if any parts of Bogasari are for sale, or
\nwhat type of investment AWB might make there.<\/p>\n
Indonesia is the second largest customer for Australia wheat
\nafter Iran. In the year ending Sept. 30, 1997, Indonesia bought
\nalmost 2.4 million metric tons of wheat.<\/p>\n
AWB Ltd., formerly known as the Australian Wheat Board,
\nalready has joint venture stakes in flour mills in Egypt and
\nVietnam, which serve as important \"listening posts\" for those
\nmarkets, Flugge said.<\/p>\n
Trade with Indonesia, which almost came to a halt earlier this
\nyear as the Indonesian rupiah plunged to an all-time low when the
\ncountry sank into economic and political chaos, is slowly
\nreturning to normal, Flugge said.<\/p>\n
\"There is a commercial trade still going on in Indonesia,\" he
\nsaid. \"That commercial trade, we believe, will probably return to
\nnormal within a relatively short time. That might be 12
\nmonths ... there's certainly even indications now that it could
\nbe even soon than that.\"<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/australian-firm-may-invest-in-bogasari-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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