date:Jun 17, 2016
Indonesias Ministry of Finance recently raised the value added tax (VAT) of imported feed raw materials including corn, wheat and soybean meal to 10%. Sudirman FX, Chairman of the Indonesian Feed Producers Association (APPI), said feed millers will include the tax in their production cost. As a result, the price of feed, for instance broiler feed, will increase from USD 0.48 to USD 0.51 per kg. This price increase will then increase the price of chicken and eggs, said Mr Sudirman. He added that