Soybean Stocks Are Getting Thinner, Tofu and Tempeh Prices Can Skyrocket: https://industri.kontan.co.id/news/stok-kedelai-semakin-tipis-harga-tahu-dan-tempe-bisa-meroket/11 December 2022
In addition to the polemic over dwindling rice stocks, the National Food Agency (Bapamas) is also having a headache with soybean commodity stocks that are getting thinner towards the turn of the year. Bapanas Food Availability Director, Budi Waryanto said, based on National Food Balance Prognosis data, soybean stocks at the end of December 2022 were only 58,000 tons with the remaining stock remaining for 7 days.
The plan is to import soybeans in November-December of 446,000 tons. This figure has taken into account domestic soybean production and soybean demand reaching 245,000 tons per month.
Imported Soybean Prices Soar, UMM Lecturer Gives Strategy to Tofu and Tempeh Producers: https://www.umm.ac.id/id/berita/harga-kedelai-impor-melonjak-dosen-umm-beri-strategi-untuk-produsen-tahu-tempe.html/27 November 2023
The year 2023 brings serious challenges for the tempeh and tofu industry in Indonesia with a spike in the price of imported soybeans reaching IDR. 13,200. As the main raw material, soybeans play a crucial role in making these two typical Indonesian foods. Uncertainty regarding the price of imported soybeans continues to creep up, creating a significant impact, especially on the production costs of tempeh and tofu.
In line with this, lecturer at the Agribusiness Study Program, University of Muhammadiyah Malang (UMM) Dr. Ir. Anas Tain, M.M. explained that this problem is not a new issue in Indonesia; because, every year the price of imported soybeans increases. In an effort to cover rising production costs, a number of manufacturers often make changes to their products. Some steps that are generally taken are adjusting product selling prices, reducing production quantities, increasing prices, or even reducing product size. However, Anas emphasized that each of these actions must be in line with the characteristics of the buyer segment, without exception, understanding the concept of society's elasticity towards price increases.
Soya Bean Products Manufacturing in Indonesia
Indonesia Industry Report and Market Research
May 13, 2024
Industry Code : C3124
Forecast to : 2028
Definition
Soya Bean Products Manufacturing in Indonesia Manufacturing soya sauce, fermented bean paste (tauco), fermented soya beans (tempe), fermented soya bean cake (oncom), tofu, and bean crackers made from soy beans.
Activities
The primary activities of firms in this industry are:
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Soya sauce manufacturing.
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Fermented bean paste (tauco) manufacturing.
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Fermented soya beans (tempe) manufacturing.
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Fermented soya bean cake (oncom) manufacturing.
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Tofu manufacturing.
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Bean cracker manufacturing.
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Other food from soya beans and other beans manufacturing.
The Soya Bean Products Manufacturing industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
