Indonesian Food market and Forex

Many Indonesian food companies are facing troubles over the Forex rates and declining demand from overseas market. However there are some companies which are doing good business in neighboring countries and have posted some profit as well.

Those companies which are dependent on food export are posting losses and drop in future earnings as well. This does not sound good when looking at the economy and export market. These losses are unimaginable, for an example Indofood posted 70% losses for recent quarter. Government needs to stimulate the food sector and should  to be optimized for having the sound economy for Indonesia. It remains for the government to take some steps for now.

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