ILDEX Indonesia 2019, connecting the livestock market and driving the Indonesian economy

Indonesia is the largest economy in Southeast Asia, and the 16th largest in the world. It is a diverse archipelago nation with more than 300 ethnic groups and has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s. The country's per capita GDP has steadily risen from $807 in 2000 to $3,877 in 2018.

Today, Indonesia is the world's fourth most populous nation, the world's 10th largest economy in terms of purchasing power, and a member of G-20. Supported by robust investment, stable inflation, and a strong job market, Indonesia's economic growth is forecast to reach 5.2 percent in 2019.
 

Image credit: VNU Exhibitions

The Indonesian economy has made tremendous progress over the last two decades. In terms of sectors, agriculture and livestock contribute about 12 percent to its GDP while industry and services add approximately 43 percent to its output. In terms of production cost, Indonesia was only at the fourth rank for beef, third for sheep and goat and fourth for broiler production per kilogram live weight compared to other member ASEAN countries. The livestock market in Indonesia has many channels to develop in order to create more opportunities to export to international markets.

Find the best full supply chain solutions from Feed to Meat at ILDEX Indonesia!

Read the full article on the Milling and Grain website, HERE.

 

The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.

For additional daily news from milling around the world: global-milling.com