
Indonesia’s agriculture minister said oversight of government-distributed SPHP corn and poultry integrators would be tightened. The corn, distributed through state logistics agency Bulog, is intended to help reduce production costs for small-scale livestock farmers.
The program adds subsidized corn to the domestic feed channel and could ease poultry producers’ input costs, putting some downward pressure on local corn prices.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.