Indonesia fails to buy sugar by tender

Indonesia’s  state sugar buyer PT Perkebunan Nusantara X has failed to buy over 40,000 tonnes of white sugar by tender on more than one occasion.  State buyers are granted permits to import white sugar to make up expected deficits arising from lower domestic production.  State buyers are tasked with buying 450,000 tonnes but so far have only managed to buy approximately 10% of this quota.

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