06 Aug 2020
Holding PTPN III President Director Muhammad Abdul Ghani said that PTPN, as a sugar producer, is currently selling ready-to-consume products to maintain sugar price stability in accordance with the consumer reference of IDR 12,500/kg. The hope is that there will no longer be spikes in sugar prices like what happened in early 2020 when they reached IDR 18,000-22,000/kg.
"If we control downstream, we can also maintain price balance for farmers. The public can also obtain fair sugar prices," Ghani said in a virtual press conference on Wednesday (8/5/2020).
On the same occasion, Holding PTPN III Marketing Director Dwi Sutoro said that for these first sales to retail, PTPN released 40,000 tons, or 5% of total 2020 production.
"We have a commitment between our programs starting with 5%. If out of 800,000 to 1 million tons, that's around 40,000 tons or 40 million packs, that's what we're starting with," Dwi explained.
However, along with the sugar production increase program, in the next 5 years PTPN is targeting packaged sugar sales to retail and traditional markets of around 400,000-500,000 tons per year.
"In the next 5 years we are committed to having a mission, through a strategy towards 20% or 1/5. If it's 2 million tons (per year), that means around 400,000-500,000 tons in the next 5 years," he added.
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