PTPN XI Releases Four Tons of Low-Priced Sugar for Bazaar

Surabaya - State-owned plantation PT PN XI released four tons of low-priced sugar to be sold at bazaars that would be held for two consecutive days, the company's secretary said. PT PN XI Secretary Adig Suwandi said here on Sunday that his firm's decision to release the sugar for bazaars was a follow up of a national program launched by the state-owned enterprises ministry. "The four tons of sugar would be sold at Rp6,500 per kg, far below the market price of almost Rp10,000 per kg. We subsidized the price difference," Adig said. The bazaar was held on Sunday at the office of PT PN XI in Jalan Merak Surabaya and on the second it at Rosella Baru sack factory in Ngagel area, Surabaya, on Monday. "We will also launch the same program before the post-fasting month Lebaran festivities with a volume larger than now. This program, which is corporate social responsibility/CSR)," he said. In Jakarta on Thursday State-owned Enterprise (SOE) Minister Mustafa Abubakar launched a nation-wide bazaars to provide cheap-priced commodities for poor people. A total of 10 state-owned enterprises (SOEs) is organizing SOE Bazaars 2011 worth Rp11 billion to welcome the fasting month of Ramadhan. The SOE Bazaar 2011 was opened by Minister of State-owned Companies Mustafa Abubakar at the Cilincing Islamic Center, North Jakarta. "Opened simultaneously throughout the country, the target of organizing bazaars is to provide low-priced goods for financially weak people living around the bazaars," Mustafa said. For Jakarta areas, the program will be held for four days on July 28-31, 2011 in nine locations, namely Cengkareng, Kemayoran, Pulobadung Industrial Zone, Mampang Prapatan, Kebayoran Lama, Kebayoran Baru, Tebet/Bukit Duri and Seribu Islands. Three commodities will be sold at a price 30 percent lower than their market prices, namely rice, sugar and cooking oil. Rice will be sold at Rp29,000 per 5 kg, Bimoli cooking oil Rp15,500 per 2 liter and sugar Rp7,500 per kg.