Imported soybean prices in Jombang, East Java, have risen about 14% from a stable Rp10,000 per kilogram to Rp11,400 over roughly five months, in small increments of Rp100 to Rp300. Tempe producers say the increase is squeezing their margins and forcing them to reduce product size.
Higher imported soybean prices in Indonesia raise input costs for downstream soy food and feed users and signal firmer domestic demand for soybeans. The effect is local, so the impact on global soybean prices is limited.
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