Jakarta block on corn imports to hike poultry prices: trade group

Jakarta

INDONESIA'S recent move to block imports of corn for feed mills will cause wholesale poultry and egg prices to rise at least 6 per cent over the next month, the Indonesian Poultry Farmers Association said on Tuesday.

The country, which imports corn mainly from Argentina and Brazil, stopped issuing import permits for corn used in feed mills in July as it made a broader push for food self sufficiency.