Indonesian beef prices are still low according to the Coordinating Ministry for Economic Affairs

Published 2021년 3월 29일

Tridge summary

The Coordinating Ministry for Economic Affairs in Indonesia has observed that the country's beef prices are lower than in Singapore and most Asian countries, including South Korea, Japan, China, Vietnam, and Thailand. However, Indonesian beef is more expensive than in Malaysia. The price of beef in Indonesia is dependent on the type of cut and consumer preferences, and the country is currently experiencing a beef and buffalo deficit, leading to a necessity for imports.

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Original content

REPUBLIKA.CO.ID, JAKARTA - The Coordinating Ministry for Economic Affairs stated that the price of Indonesian beef is lower than Singapore. It's just that, it's still more expensive than Malaysia. Assistant Deputy for Agribusiness Development for Animal Husbandry and Fisheries at the Coordinating Ministry for the Economy Pujo Setio said that the price of Indonesian beef for the hamstrings is also lower than South Korea, Japan, China, Vietnam and Thailand. Indonesia occupies the 23rd position out of 35 countries, with a price of 8.26 US dollars. He considered, the high price of beef depends on the consumer. "The high and low price of beef in the Indonesian market depends on the types of cuts available. In addition, people's preferences for beef also vary," he said. Pujo acknowledged that Indonesia is experiencing a deficit in the need for beef and buffalo. So, like it or not, there is a need to import, both raw meat and frozen meat. "So ...

Source: Republika