Indonesia, one of the largest buyers of soybeans, plans to limit the supply of cheaper imported soybeans and to impose import tariff of 10% on their importation.

At the moment the soybean imports into the country are exempt from duty. The main supplier of soybeans to Indonesia is the United States. In addition to restrictive measures, the government is considering increasing production of high-protein foods and a minimum threshold of prices for them.

According to the forecasts of the statistical Agency of Indonesia, the soybean crop this year will amount to 998,87 thousand tons (955 thousand tons in 2014). Evaluation of the local producers regarding the harvest of the current year are less optimistic and are in the range of 500-700 thousand tons.