Companies / Indonesia
Spiraling Food Demand Necessitates Proactivity
April 2010 | Industry Trend AnalysisStrong predicted population growth and forecast average real GDP growth of 5.9% annually over the next 10 years have contributed to BMI's 50% food consumption growth forecast for Indonesia to 2014. A massive net food exporter, with a food and drink trade surplus forecast to grow to 2014, Indonesia should be able to domestically cater for much of this 50% demand increase. However, a recent announcement that the government will require investors in Indonesian cropland - both international and domestic - to obtain permits prior to land development, says much about the government's self-sufficiency concerns, particularly in relation to primary
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