Sugar Mill Investment Planned, But More Still Needed?

State-backed Indonesian sugar plantation firm PTPN is to invest INR4.5trn (US$451mn) in the construction of three new sugar mills in the country. A response to much-needed industry modernisation, part of an ongoing drive to improve general food-sufficiency and a reaction to sky-rocketing sugar prices, the new mills are expected to give a significant boost to the local sugar industry when they come onstream in 2011. BMI argues, however, that more still needs to be done for local output, particularly with regard to short-term control of

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