Financial Times FT.com

Jakarta takes emergency steps as tensions rise over soyabean price

By John Aglionby in Jakarta

Published: January 16 2008 02:00 | Last updated: January 16 2008 02:00

Indonesia was yesterday forced to take emergency action to calm street protests over record soyabean prices triggered by US farmers reducing the crop to grow more corn for biofuel.

Rising Chinese demand for soyabeans and bad harvests in Argentina and Brazil have also contributed to the jump, which saw Indonesia suffer the biggest food-related protests since last year's Mexican tortilla crisis.

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