Indonesia: The price of seaweed has dropped to IDR 6,000, the DPR blames Jokowi's project

Published 2024년 6월 17일

Tridge summary

The price of seaweed in Indonesia has plummeted to around IDR 6,000 per kilogram, leading to calls for government intervention. This decline is linked to President Joko Widodo's initiative to enhance seaweed downstreaming and a proposed export ban. Deddy Yevry Hanteru Sitorus, a member of Commission VI DPR RI, emphasized the significant economic role of seaweed and the negative impact of the price drop on communities reliant on its cultivation. He urged the government to address the issue, pointing out that the downstreaming plan is disrupting the supply chain. Despite an increase in export volume, the export value has significantly decreased.

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Original content

Jakarta, CNBC Indonesia - The price of seaweed has reportedly dropped to around IDR 6,000 per kilogram (kg). Therefore, the government is asked to immediately intervene to address this because it causes people to depend on seaweed cultivation for their source of income. The drop in seaweed prices is thought to be the effect of President Joko Widodo's (Jokowi) plan to intensify seaweed downstreaming. Which then proposed a ban on seaweed exports. This was conveyed by Deddy Yevry Hanteru Sitorus, member of Commission VI DPR RI during a working meeting of Commission VI DPR with the Minister of Trade (Mendag) Zulkifli Hasan (Zulhas) in Jakarta, Thursday (13/6/2024). Deddy then asked Zulhas to convey this condition to President Jokowi. "This seaweed contributes to our country, if you look at the data it contributed US$1.89 billion. In 2020 it was only US$275 million, IDR 4 trillion, sir. Based on research from Griffith University, the contribution turns out to be US$1.89 billion out of ...

Source: Cnbcindonesia