Indonesia: Bapanas highlights increase in sugar prices in Bali

Sugar

Indonesia

Market & Price Trends

Published Mar 28, 2024

Tridge summary

In Bali, the National Food Agency (Bapanas) and the Food Task Force, in collaboration with local governments, are closely monitoring staple food prices during Ramadan 1445 Hijriah, particularly noting a spike in sugar prices from IDR 16,900 to IDR 18,000-19,000 per kg despite a sufficient supply. The agencies are working to ensure the availability of strategic food commodities ahead of Idul Fitri, with a focus on preventing significant price increases for other staples like chicken, beef, and eggs, which have remained stable at Badung Market. Efforts include encouraging the distribution of supplies by relevant agencies, such as Bulog, to avoid panic buying and food waste, underscoring the importance of maintaining food availability and price stability during the festive season.

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Original content

REPUBLIKA.CO.ID, DENPASAR -- The National Food Agency (Bapanas) together with elements of the Food Task Force and local governments are monitoring the prices of important staple foods in Bali. They highlighted the price of sugar which began to rise in the middle of Ramadan 1445 Hijriah. "Earlier, we were both in the market to see that the supply was sufficient, but there were reports that there had been an increase, especially granulated sugar or consumption sugar," said Bapanas Food Supply and Price Stabilization Director Maino Dwi Hartono at Badung Market Denpasar, Bali, Wednesday (27/3/2024). Maino said he found that local sugar prices reached IDR 18,000 per kg with safe stock availability and IDR 19,000 for my sugar with limited supply. This commodity experienced an increase in price from IDR 16,900 at the beginning of the fasting month. "We have to protect everything, including other strategic food commodities, but especially sugar, which has a high price, is on the priority ...

Source: Republika