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THE EX-FACTORY TRANSACTION PRICE OF GRANULATED SUGAR PURCHASED BY BULOG FROM PT PERKEBUNAN NUSANTARA/PT RAJAWALI NUSANTARA INDONESIA AND FARMERS AS WELL AS

OTHER PRODUCERS

(Decree of the Minister of Industry and Trade No. 349/MPP/Kep/7/1998 dated July 24, 1998)

Considering :

a. that as a follow-up to the Decree of the Minister of Industry and Trade No.

348/MPP/Kep/7/1998 on the trade and distribution of cooking oil and

granulated sugar and in the framework of ensuring the availability and stable

price of sugar for the fulfillment of the need of common people and

small-scale businesses, it is necessary to stipulate the transaction price of granulated

sugar from PT Perkebunan Nusantara/ PT. Rajawali Nusantara Indonesia and

farmers as well as other producers to BULOG.

b. that in relation thereto, it is necessary to stipulate a decree of the Minister of

Industry and Trade.

In View of :

1. Law No. 5/1984 on the industry affairs (Status Book of 1984 No. 22,

Supplement to Statute No. 3274);

2. President Decree no. 44/1974 on the principles of ministerial organization;

3. Presidential Decree No. 61/1998 on the functions, tasks, organizational

structures and working arrangements of ministries:

4. Presidential Decree no. 122/M/1998 on the establishment of the Development

Reforms Cabinet;

5. Decree of the Minister of Industry and Trade No. 29/MPP/SK/2/1996 jo. No.

92/MPP/Kep/4/1996 on the organization an Working arrangement of the

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6. Decree of the Minister of Industry and Trade No. 348/MPP/Kep/7/1998 on

the trade and distribution of cooking oil and granulated sugar.

Observing :

Results of a coordination meeting led by the Coordinating Minister of Economy,

Finance and Industry on July 23, 1998 concerning the supply of cooking oil and

granulated sugar to common people.

DECIDES :

To stipulate :

THE DECREE OF THE MINISTER OF INDUSTRY AND TRADE ON THE EX-FACTORY TRANSACTION PRICE OF DRANLUTED SUGAR PURCHASED BY BULOG FROM PT PERKEBUNAN NUSANTARA/PT RAJAWALI NUSANTARA INDONESIA AND FARMERS AS WELL AS OTHER PRODUCERS

FIRSTLY :

The ex-factory transaction price of granulated sugar from PT Perkebunan

Nusantara/PT Rajawali Nusantara Indonesia and framers as well as other

producers to BULOG shall be stipulated by the Minister of Industry and Trade.

SECONDLY :

The ex-factory transaction price of granulated sugar purchased by BULOG from

PT Perkebunan Nusantara/PT Rajawali Nusantara Indonesia and farmers as well

as other producers shall be set at Rp. 2.100 a kg, excluding Value Added Tax.

THIRDLY :

The stipulation of price as meant in the second Dictum shall be reviewed

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FOURTHLY :

The Stipulation of prince as meant in the third Dictum shall stipulated further by

the Director General of Domestic Trade after securing approvals from the

Minister of Industry and Trade.

FIFTHLY :

The Director General of Domestic Trade shall Trade shall report The realization

of his tasks at least once in a month to the Minister of Industry and Trade with a

copy made to the Secretary General of the Ministry of Industry and Trade.

SIXTHLY :

This decree shall come into force as from the date of stipulation.

For public cognizance, this decree shall be published by placing it in the State

Gazette of republic of Indonesia.

Stipulated in Jakarta On Julia 24, 1998

THE MINISTERY OD INDSUTRY AND TRADE

sgd

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