Upstream Downstream Food Collaboration

The synergy between companies that are members of the Food SOE Holding or ID Food is strengthened to ensure the availability and affordability of food in the country.

It is hoped that the national food ecosystem will become more solid so that it can create prosperity for 2 million farmers, ranchers and fishermen. The merger is also expected to facilitate the upstream and downstream orchestration of the national food sector. ID Food is a combination of seven SOEs engaged in the food sector and two SOEs with trading and logistics business lines. The SOEs are PT Rajawali Nusantara Indonesia (Persero), PT Pertani (Persero), PT Sang Hyang Seri (Persero) or SHS, PT Garam (Persero), PT Perikanan Nusantara (Persero) or Perinus, Perum Perikanan Indonesia or Perindo, PT Berdikari (Persero), PT Bhanda Ghara Reksa (Persero) or BGR Logistics, and PT Indonesia Trading Company (Persero) or PPI. When met separately, over the past week, the Food SOEs that are members of ID Food stated that they would focus on working on the main business lines or business fundamentals as well as strengthening the synergy between SOEs. Agricultural observer from the Indonesian Political Economy Association (AEPI), Khudori, was of the opinion, ID Food will become a food cluster ecosystem to produce competitive products. With this ecosystem, state-owned companies that were previously independent can now support each other. So, the challenge for ID Food is to bring competitive products, both in price and quality, to the market. "If this (product) can be realized, then it can be another alternative for consumers. I don't think this will conflict with Bulog, whose main function is stabilization. However, ID Food will indirectly support that, with the main focus on business, ' said Khudori.

|•SOURCE•| Articles :KOMPAS | Image :CNBC |

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