Indonesian Political, Business & Finance News

Govt. lowers 2009 agricultural growth target

| Source: GOI
The Agriculture Ministry has lowered the growth target for the agricultural sector for 2009 to 4.2% from 4.6% as the exports of a number of farm commodities decline due to the current global financial crisis.

“Although demand for a number of farm commodities has been in decline, we feel it will not be a significant drop because commodities such as coffee, tea, cocoa, crude palm oil and rubber will constantly be in demand,” Agriculture Minister Anton Apriyantono said on Wednesday.

"Cooking oil, tea, and coffee will always be needed," he said, adding he was optimistic that the agricultural sector’s growth rate for 2008 would meet the government’s target of 4.2%.
Tags: business
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