Retail Prices for Shallots Began to Decline in Indonesia as the Harvest Season Began in Jul-23

During W29, the beginning of the harvest season of shallots in Central Java, Indonesia, has caused a significant drop in retail prices of shallots from USD 2.93-3.33/kg (IDR 44K-50K/kg) in W27 to USD 2.33-2.79.kg (IDR 35K-42K/kg) in W28, with a price reduction of up to 20%. The market is experiencing a high supply of shallots. Central Java is known as the main center of shallot production on Java Island, and the peak harvest is expected to continue until Aug-23.