Absorption of farmers' sugar reaches nearly 100 percent: MinisterRelated news: ID FOOD steps in to rescue sugar market with major capital injectionJakarta (ANTARA) - Minister of Agriculture Andi Amran Sulaiman announced that the government has nearly completed the absorption of farmers’ sugar, with a total budget of around IDR 1.5 trillion (approximately USD 97 million) allocated through state-owned investment firm Danantara.“Only about 16 thousand tons remain unpurchased. We buy sugar with the IDR 1.5 trillion, sell it in the market, and then reinvest the revenue into more purchases.”Earlier, Deputy Minister of Agriculture Sudaryono reported that the government had already absorbed 40,000 tons of sugar from farmers following the capital injection by Danantara Indonesia.“We’ve received IDR 1.5 trillion in funding, and we’ve used it to procure sugar from farmers - about 40,000 tons so far. The approach mirrors the role of state logistics agency Bulog in buying up surplus rice from farmers.The absorption initiative aims to safeguard farmers’ welfare while maintaining sugar price stability in the domestic market.​​​​​​​Sudaryono emphasized that the IDR 1.5 trillion fund does not have to be fully spent. However, if market absorption remains low and the allocated budget runs out, additional funding may be proposed.“For now, there’s still remaining funds. We haven’t exhausted the budget yet,” he added.The IDR 1.5 trillion was disbursed by PT Danantara Asset Management (Persero) in the form of a shareholder loan.