It turns out this is the main culprit behind the sudden explosion in shallot prices in Indonesia

Published 2024년 4월 22일

Tridge summary

In March 2024, flooding in Indonesia's Pantura region severely impacted shallot production, affecting approximately 2,500 hectares of fields and leading to a sharp increase in prices due to reduced supply. The National Food Agency (Bapanas) reported a 38.78% drop in wholesale prices and a spike in retail prices, with shallots reaching up to IDR 80,350 per kg in Central Papua. To combat these challenges, Bapanas is implementing measures such as promoting cheap food movements, urging local government action, and improving the distribution of shallots from regions with surpluses to those facing deficits.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The National Food Agency (Bapanas) revealed that the current surge in shallot prices is the result of production disruptions in a number of shallot center areas in Indonesia. The cause was the flood that hit the Pantura region in March 2024. Bapanas noted that as a result of the flood, around 2,500 hectares (ha) of onion fields experienced puso or crop failure. This land is part of around 7,500 ha of onion land in Brebesm Cirebon, Kendal, Demak, Grobogan, Pati, and other areas affected by the Pantura flood. "The price increase will start in early April 2024 as compensation for the price of shallots which fell in the previous month," said Deputy for Food Availability and Stabilization Bapanas I Gusti Ketut Astawa at the 2024 Regional Inflation Control Coordination Meeting in Jakarta, broadcast on the Indonesian Ministry of Home Affairs' YouTube account, Monday (22/4/2024). Meanwhile, the supply of shallots at the wholesale level at the Kramat Jati Main ...

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