May 1, 2014
Indonesia's 2014 soy output target down 20%
Due toland and budget limitations, Indonesia has reduced its soy output target for this year by 20% to 1.2 million tonnes ,from a previous estimate of 1.5 million tonnes, a government minister said.
In December, Indonesia forecast a 86% rise in soyproductionfor 2014 from a year earlier, due to improving weather conditions and a government programme to boost output.
Indonesia's target for corn output remained unchanged at around 20 million tonnes this year, agriculture minister Suswono told reporters.
He added that the government has cut the agriculture ministry's budget this year, but did not say by how much.