Indonesia: Corn production is predicted to still experience a decline in early 2024

Published 2024년 1월 3일

Tridge summary

The Central Statistics Agency (BPS) predicts a continued deficit in corn production in early 2024, with production expected to fall to 0.56 million tonnes in January and February. BPS notes that this decrease in corn production could lead to an increase in feed prices, as well as the price of purebred chicken meat and eggs. Acting Head of BPS Amalia Adininggar Widyasanti emphasized the need to address the decline in corn production, as it is expected to have an impact on inflation, specifically in the poultry industry.

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Original content

Reporter: Lailatul Anisah | Editor: Noverius Laoli KONTAN.CO.ID - JAKARTA. The Central Statistics Agency (BPS) estimates that corn production will continue to experience a deficit in early 2024. Acting Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti said conditions like this had occurred since the end of last year. BPS notes, in November 2023 corn production will start to fall to 1.17 million tonnes, then decline again in December to 0.89 million tonnes. Furthermore, in January and February 2024, corn production is expected to fall again to only 0.56 million tonnes. "National dry shelled corn production is expected to decline throughout January-February 2024," said Amalia at the Inflation Control Coordination Meeting, Wednesday (3/1). Amalia said the decline in corn production should be a cause for concern. This is because 94.88% of corn is used to meet industrial needs, including the animal feed industry. Thus, this decrease in corn production not only ...

Source: Kontan