Cargill begins construction of new palm oil facility in Indonesia to meet rising demand

INDONESIA – American global food corporation Cargill has announced that it is building a new US$200 million palm oil refinery in Lampung, Indonesia. The Lampung investment follows an announcement late last year of a US$20 million project to expand and modernise the company’s palm oil production facility in Port Klang, Malaysia. According to a statement from Cargill, construction work on the new facility has already begun and is expected to be completed late next year. Cargill says that recent years have seen strong demand for palm oil as its low…

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Nestlé invests US$220m in new beverage factory in Indonesia to meet growing consumer demand

INDONESIA – Nestlé, the world’s largest food company, has inaugurated the construction of a new beverage factory in Batang, Indonesia in an effort to fulfill growing consumer command. According to a statement by Nestlé, the new new Nestlé Bandaraya factory will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé and is anticipated to create about 200 new jobs. The facility located at Batang Industrial Park will be on 20 hectares of land and is expected to be ready for commercial production in 2023. The Swiss-based food manufacturing…

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India’s annual coffee production to increase by 5% as Honduras, Indonesia record declines

INDIA – India’s Coffee production for marketing year (M/Y) ) 2021/22 is forecast to increase by 5 percent to 5.41 million 60-kilogram bags as above normal pre-monsoon rains coupled with expectations of a normal monsoon are expected to improve yields, especially for Robusta in major growing regions. This is according to recently released projection by the Foreign Agricultural Service (FAS) – India of the United States Department of Agriculture (USDA). More specifically, Arabica production is estimated at 1.36 million 60- kilogram bags (81,600 MT) with Robusta production estimated at 4.05…

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Kerry invests US$36m in Taste facility in Indonesia to bolster response to local consumer preferences

INDONESIA – Leading food ingredients company, Kerry has announced that it will build a second manufacturing facility in Karawang, Indonesia in an effort to increase its footprint in South East Asia (SEA). According to Kerry, the new US$36 million state-of-the-art facility represents its largest ever capital investment in SEA to date. It will be Kerry second manufacturing site and third facility in Indonesia. The company notes that the facility will significantly expand its Taste offering in the region and further support customers in the fast-growing markets of SEA. It will…

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Paraguay, Indonesia to record uptick in grain production in latest USDA projections

GLOBAL – Cereal production in Paraguay and Indonesia is expected to rise in the 2021-2022 market due to higher acreage and yield, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). In Paraguay, the USDA projects that a reduction in soybean and zafrinha corn production will free up more idle acres for wheat sowing resulting in an estimated 1.2 million tonnes being produced. The US agency further projects wheat exports for the 2021-2022 market year to increase to 500,000 tonnes, the highest in…

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PepsiCo exits Indonesian snack market with sale of stake in Indofood Fritolay joint venture

INDONESIA – American multinational food and beverage company PepsiCo is exiting the Indonesian snack market after more than 30 years of existence in one of South East Asia’s most populous nation. Following the exit, PepsiCo’s 49% share in its local joint venture PT Indofood Fritolay Makmur (IFL) has been acquired by Indofood CBP Sukses Makmur Tbk for about US$35.13 million. Indofood’s now owns 99.99% shares in the company, up from 51%. PepsiCo and Indofood CBP entered the joint venture back in 1990, in order to produce and distribute Frito-Lay snacks…

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Barry Callebaut partners Deloitte to help farmers in Indonesia modernize cocoa farming

INDONESIA – Barry Callebaut , one of world’s largest cocoa processors and chocolate manufacturers and Deloitte – one of the big four audit firms – have announced a multi-year partnership to accelerate the support for cocoa farming communities in Indonesia.  The multi-year strategic collaboration aims to equip Indonesian farmers with skills necessary for improving their cocoa farming ventures into modern, high income ventures. To this end, the companies plan to deliver educational and skills development programmes to over 30,000 cocoa farmers in Sulawesi and Sumatra. According to Barry Callebaut, Indonesia…

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Swiss food giant Nestlé partners with Plug and Play to accelerate innovation in Indonesia

INDONESIA – Nestlé, the Swiss multinational food and drink processing conglomerate, has partnered with Plug and Play, a global innovation platform for industry accelerators, to accelerate its innovation efforts in Indonesia. Headquartered in Silicon Valley, Plug and Play brings together the most promising start-ups with the world’s leading corporations, in order to drive investment, foster innovation and secure collaborative partnerships. Since its inception in 2006, Plug and Play’s accelerator programmes have expanded worldwide to over 30 locations, with over 30,000 start-ups and 400 official corporate partners. The company’s presence in…

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TPG, Northstar acquire majority stake in Indonesia’s largest dairy business PT Green Fields

INDONESIA  –  American investment company TPG and Singaporean private equity firm Northstar Group have jointly acquired an 80% in Indonesia’s largest dairy business, PT Green Fields. The two private equity buy out firms acquired the stake from Japfa Limited, a Singapore-based pan-Asian, industrial agri-food company, in a deal estimated to be worth US$236 million. According to its website, Japfa established the Indonesian dairy business in 1997, growing it into one of the largest dairy farms in Southeast Asia. The business is vertically integrated with more than 16,000 Holstein and Hersey…

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Indonesian ride-hailing and food delivery company Gojeck raises US$150M from Telkomsel

 INDONESIA – Gojeck, Indonesia’s home-grown ride-hailing and food delivery company, has raised US$150 million from Telkomsel, a leading network service provider and subsidiary of Telkom Indonesia and Singtel. This strategic investment takes place about six months after gojek received a financing from Facebook and PayPal along with existing backers Google and Tencent, in a series F round that the company had so far raised to over US$3 billion. The collaboration between Gojeck and Indonesia’s largest mobile service provider, marks an expansion of the two tech giants’ multi-year partnership that has…

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