HomeNewsVideos

Food and beverage industry grows 0.22% yoy in second quarter

11 August 2020 13:53

JAKARTA - The food and beverage industry (mamin) is one of the manufacturing sectors that is still able to grow positively in the second quarter of 2020 after being severely depressed due to the impact of the Covid-19 pandemic. Based on data from the Central Statistics Agency (BPS), in the second quarter of 2020, the food and beverage industry grew by 0.22% on an annual basis (y-o-y).

"The positive growth of the food and beverage industry sector is a momentum that must be maintained and enhanced so that it can consistently make a significant contribution to the national economy," said Director General of Agro Industry of Ministry of Industry (Kemenperin) Abdul Rochim in Jakarta, Tuesday (11/8).

The Director General of Agro Industry explained that some of the leading commodities that spur the performance of the food and beverage industry include processed fish, noodles and coffee products. "In addition, the growth of this industrial sector is also supported by the increase in the export value of crude palm oil (CPO) and palm kernel oil (PKO)," he said.

According to Rochim, in order to maintain a positive trend in the food and beverage industry sector, one of the important steps that is the main focus of the Ministry of Industry is to encourage the availability of raw materials in order to meet the needs of manufacturing productivity. In this case, the Ministry of Industry is actively coordinating with relevant stakeholders at the ministerial level and industry players in order to run smoothly.

In the first semester of 2020, the food and beverage industry contributed the most to the achievement of export value in the manufacturing sector, amounting to USD 13.73 billion. This leading sector is able to show its ability to penetrate the international market amid the Covid-19 pandemic. (LM)

© 2024 - IDN Financials - All Rights Reserved.