Tuesday, 30 June 2009

Dairy producers face bankruptcy

Around 120,000 dairy farmers registered in a number of cooperatives are facing bankruptcy, following another plan to reduce the local milk purchasing price. On 1 May 2009, the Milk Processing Industry (IPS) started to reduce the price Rp 150 per liter. IPS is now planning for another Rp 150 cut on 1 July 2009. The Indonesian Milk Cooperatives Association (GKSI) urged the government to do something about it since the milk production cost keeps climbing every year.
Source: PA Asia - Public Affairs and CSR from Investor Daily, 18 June, p.21

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