President Prabowo Cuts Fertilizer Regulations, Pupuk Indonesia's Profit Soars 252%
President Prabowo Subianto has just taken a strategic step in the agricultural sector by cutting 145 regulations related to fertilizer distribution and production. This policy aims to simplify bureaucratic processes that have long been considered a hindrance to efficiency in the field.
This deregulation measure has had a significant positive impact on farmers in Indonesia. With the reduction in the number of complex rules, fertilizer prices at the farmer level have now become more affordable, which is expected to increase national crop productivity.
On the other hand, this efficiency has also brought benefits to the state-owned enterprise, PT Pupuk Indonesia. Based on the latest data, the company recorded a fantastic profit increase, reaching 252 percent after the regulation simplification policy was implemented.
This success demonstrates that reducing the regulatory burden can create a healthier business climate. The government hopes that the decline in fertilizer prices, coupled with improved company performance, can strengthen national food security in the long term.
Moving forward, the government is committed to continuously monitoring fertilizer distribution to ensure it remains targeted. This step is one of the main priorities in supporting the welfare of farmers throughout all regions of Indonesia.