One-gate soybean meal policy puts Indonesia’s feed industry on edge

Indonesia’s move to channel all soybean meal imports through a single state-owned company is raising tough questions about efficiency versus government control. While aiming to stabilise prices, the new policy could disrupt the delicate balance of the country’s feed supply chains. The greatest risks fall to farmers, who will shoulder the costs of any missteps. If feed is the lifeblood of livestock production, then soybean meal (SBM) is its bloodstream. Beginning in early 2026, Indonesia�