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Indonesia Sells Seaweed Worth USD 63 Million

World Trade

Open Eyes Opinion {source: IDgov}

Indonesia

 

China and Singapore Purchase IDR 850.19 billion Worth of Indonesian Seaweed

 

 

Makassar – The People’s Republic of China and Singapore purchases Indonesian seaweed worth a total of USD 63 million, or IDR 850.19 billion in trade contracts.

Dried seaweed purchases were made by three importers from China, namely Green Fresh (Fujian) Foodstuff Co., Ltd., Xiamen DSC Import & Export Co., Ltd., and Fujian Province LVQI colloid Food Co., Ltd. from PT. Phoenix Jaya with a total contract value of USD 24.6 million, Shanghai Brilliant Gum Co., Ltd. also purchased seaweed products from PT. Rika Rayhan Mandiri worth USD 24 million.

Other companies who also signed contracts were PT. Sumber Makmur with a contract valued at USD 5 million, PT. Agro Niaga with a contract valued at USD 3.4 million, and PT. Distribution with a contract valued at USD 1 Million.

While the company Gills and Fins Singapore Pte., Ltd. signed a working contract with PT Jaringan Sumber Daya worth USD 500 thousand.

The Ministry of Trade’s Director General of National Export Development, Nus Nuzulia Ishak, appreciates this transaction. “The world recognizes the quality of Indonesian seaweed.

From the total world exports of seaweed, Indonesia could become a major world supplier of seaweed with a share of 26.50% from the total world demand, USD 1.09 billion, followed by Chile at 16.73%, South Korea at 16.06%, China at 7.98%, and the Philippines at 5.77%, ” said Nus after witnessing the signing of a memorandum of understanding during the buying mission of Indonesian seaweed products by China and Singapore in Makassar, South Sulawesi, (2/8).

There is a high world demand for seaweed products, particularly dried seaweed products, processed into things from raw materials for processed foods, pet food, food additives, pollution control substances all the way to beauty products.

File:Onigiri at an onigiri restaurant by zezebono in Tokyo.jpg

This, according to Nus, is a challenge for seaweed businesses to maintain and improve the quality of Indonesian seaweed cultivation.

Business stakeholders were also asked to increase the production of value-added seaweed products.

Seaweed Production Base

The government continues to support the development of a seaweed sector road map to create a seaweed value chain from farmers to consumers. One way is through the collaboration of Indonesia and the Philippines.

This cooperation will make ASEAN as a production base region and maximize the fulfillment of seaweed demand of the world market in cooperation between the Indonesian Seaweed Association (ARLI) with the Seaweed Industry Association of the Philippines (SIAP).

“This also gives the direction of the development of the upstream and downstream sectors of the Indonesian seaweed industry,” said Nus. As the country with the broadest waters, Indonesian marine wealth is limitless. The production of abundant seaweed needs to be utilized by the domestic industry. The seaweed processing industry is able to absorb the results of seaweed farmers while providing added value.

“Seaweed variations and the creativity of farmers produce a positive image and creates world trust towards Indonesia as the largest supplier of processed seaweed,” said Nus. Increased by 39.25% Total exports of seaweed from Indonesia in 2014 reached USD 226.23 million.

This increased by 39.25%

Compared to exports in 2013 which was valued at USD 162.45 million.

Seaweed exports in January-May 2015 reached USD 75.73 million, a decrease of 12.88% compared to the same period in 2014.

This trend of commodity exports to the world over the last five years (2010-2014) increased by 11,06%.

The five largest destination countries of seaweed exports are China with a share of 72.06%, Philippines with a share of 5.82%, Chile with a share of 4.89%; Korea with a share of 4.39% and Vietnam with a share of 2.05%.

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[photo credits – featured image: “Seaweed Farms in Indonesia” by Hassan Abdel-Rahman – originally posted to Flickr as Seaweed Farms. Licensed under CC BY 2.0 via Wikimedia Commons – https://commons.wikimedia.org/wiki/File:Seaweed_Farms_in_Indonesia.jpg#/media/File:Seaweed_Farms_in_Indonesia.jpg]

 

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