Soybean 'Cartel' Spotlighted
Tuesday, August 7, 2012
The price of soybeans have risen uniformly over the last three months. The KPPU suspects major soybean importers operate a cartel to raise prices.
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Ato's journey to a soybean distribution warehouse in Tangerang, Banten last week ended in vain. On that day, he could not get supplies of raw ingredients for his tofu factory, which requires 30 metric tons of soybeans per week. The reserves in his warehouse were only enough to produce white tofu for two days. "The distributor said that the importers haven't yet lowered prices or released any delivery orders," he said.
The entrepreneur, who has been
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