RI to import 12,000 tons of sugar

RI to import 12,000 tons of sugar

Jakarta: Indonesia has awarded Cargill commodities trading
company of Hong Kong a contract to deliver 12,000 tons of sugar
to meet the country's sugar shortage, news reports said on
Friday.

PT Perkebunan Nusantara (PTPN), the state-owned plantations
company, chose Cargill from among 10 tenders for the sugar supply
contract which was initially to be for 51,000 tons.

After all ten sugar suppliers submitted bids of more than
US$240 per metric ton, PTPN decided to make the purchase in
phases with the first 12,000 tons to be delivered by next month,
said the state-run Antara news agency.

"Hopefully, the sugar will arrive before April 10," said PTPN
spokesman Adig Suwandi.

Cargill won the sugar bid by submitting the lowest offer at
241 dollars per ton of sugar, although the company reportedly
agreed to lower the price to $239.50 after negotiations with
PTPN.

Indonesia, which was the world's leading sugar exporter five
decades ago, is currently facing sugar shortages in Bali, East
Nusa Tenggara, West Nusa Tenggara, Kalimantan and Sulawesi.--DPA