Sugar Co Reports Rp 680 Billion Loss in 2025 Due to Massive Sugar Imports

JAKARTA - Chief Operating Officer (COO) of Danantara, Dony Oskaria, revealed that PT Sinergi Gula Nusantara (SGN) or Sugar Co suffered losses of up to Rp 680 billion throughout 2025 as a result of massive sugar imports, including refined sugar circulating in the market.

He explained that one of the main issues is the leakage of refined sugar distribution into the consumer market. This condition has made sugar prices uncontrollable.

“Sugar Co recorded a loss of Rp 680 billion due to prices that were not good enough, resulting from uncontrolled sugar imports,” he stated during a hearing with Commission VI of the House of Representatives (DPR) in Jakarta on Wednesday (8/4/2026).

He further noted that the government has actually intervened to stabilise the market, one of which was absorbing local sugar production up to Rp 1.5 trillion. However, this step apparently did not have a significant impact on price improvement.

“Actually, last year the government provided assistance with subsidies into the market to absorb community sugar at Rp 1.5 trillion, but that also did not yield significant results,” he revealed.

“Because otherwise, in my opinion, it would be difficult for us to face sugar prices, which then become a leakage from refined sugar imports entering the community,” Dony clarified.