JPFA - Potential threats of opening import floodgates

JPFA - Potential threats of opening import floodgates Despite potential pressure from the government's plan to remove import quotas for strategic commodities, Japfa Comfeed Indonesia (JPFA)’s outlook for 2025 remains positive, supported by stable raw material prices such as corn. While increased competition from imported products may weigh on broiler chicken prices and sales, government initiatives like the Free Nutritious Meals (MBG) program are expected to benefit the company. Note that, JPFA recorded a revenue growth of 9.04% yoy to IDR55.80 tn and net profit increase of 209.35% yoy to IDR3.26 tn in FY24. (Source : Kontan)