Minding the Gaps

Sugar is a lucrative business full of loopholes to reap profits from. How is the game played?

Tempo

March 4, 2003

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Imported sugar indeed tastes sweet. Not only is the color whiter, the profit enjoyed by the players is incredibly sweet too. TEMPO’s investigations discovered many loopholes in the price structure of imported sugar that allow all importers, including those returned to Bulog, to reap huge profits.

TEMPO sources from the trader circles testify that Bulog has been known from a long time ago to have a penchant for marking up tender prices from

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