Price of fresh milk up<\/p>\n
JAKARTA (JP): The Union of Indonesian Dairy Cooperatives
\n(GKSI) and local milk-processing industries have agreed to raise
\nthe price of local fresh milk from cooperatives to processing
\nindustries by 21 percent to Rp 850 per liter from Rp 702 per
\nliter starting Feb. 1.<\/p>\n
GKSI chairman Nurwindo said Wednesday the decision was made
\ndue to the current monetary crisis in the country and also to
\nanticipate the government's commitment to the International
\nMonetary Fund to liberalize the import of dairy products.<\/p>\n
"The new price will be imposed on fresh milk with total solids
\nof 11 percent. The price might rise to Rp 900 because good
\nquality fresh milk can contain total solids of 11.6 percent," he
\nsaid.<\/p>\n
He said he was optimistic that local dairy products could
\nstill compete with imported milk in face of the price increase,
\ndue to the high price of imported milk caused by the rupiah's
\nsharp depreciation against the U.S dollar.<\/p>\n
He said the price of imported fresh milk, based on the current
\nexchange rate, was Rp 1,100 per liter. The price of imported milk
\nwould be equal to local products at an exchange rate of Rp 6,000.<\/p>\n
He said local demand for dairy products was more than 1.2
\nmillion tons last year, only 30 percent of which could be
\nprovided by local producers. (gis)<\/p>",
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"sponsor": "Okusi Associates",
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