Indonesia: Get ready for garlic prices to drop, here’s why

Published 2023년 6월 14일

Tridge summary

The head of Indonesia's National Food Agency, Arief Prasteyo Adi, anticipates a decrease in garlic prices due to a decrease in price in China. Despite this anticipation, Indonesia is still experiencing a garlic deficit as its domestic production does not meet the demand. The country's production is projected to reach only 30,582 tons in 2022, while the annual demand is 648,580 tons. The Ministry of Agriculture has issued the RIPH for garlic and is awaiting import approval from the Ministry of Trade.

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Original content

Jakarta, CNBC Indonesia - Head of the National Food Agency (Bapanas) Arief Prasteyo Adi predicts that the price of garlic will decrease. On the other hand, he admitted, currently Indonesia is still in a garlic deficit. According to Arief, based on the food balance prognosis, garlic still needs supplies from abroad. This is because domestic production still does not meet demand. He explained that the national garlic production will only reach 30,582 tons in 2022. In fact, the annual demand reaches 648,580 tons, so there is a deficit of 617,998 tons. "Supply of garlic is likely to come in immediately as the price of this commodity decreases in China, from US$1,300 to US$800 per ton," he said in an official statement, Wednesday (14/6/2023). "The existence of this supply will increase domestic stock adequacy. And will have an impact on reducing domestic garlic prices in the next one to two months," said Arief. Currently, he said, the Ministry of Agriculture (Kementan) has issued the ...

Source: Cnbcindonesia