Severe commotion in shallot prices explodes in Indonesia, traders and mothers are furious

Published 2024년 4월 23일

Tridge summary

In DKI Jakarta, the price of shallots has seen a dramatic increase, doubling to IDR 80,000 per kg from the usual IDR 35,000-40,000 per kg, a situation observed in markets such as Gandaria and Gondangdia. This surge, starting 10 days before Eid al-Fitr 2024, is attributed to production disruptions from flooding in the Pantura region in March 2024, impacting around 2,500 hectares of shallot fields. The National Food Agency (Bapanas) reports a significant drop in shallot supply, with a 38.78% decrease at the Kramat Jati Main Market, leading to a nationwide price hike. As of April 22, 2024, the price per kilogram has escalated by IDR 630 to IDR 52,310, peaking at IDR 80,350 in Central Papua, marking a stark inflation from March's average of IDR 34,030. Despite customer protests, demand remains high due to shallots' essential role in Indonesian cuisine.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The price of shallots has been observed moving up. In fact, in the market area in DKI Jakarta the price has reached IDR 80,000 per kg or an increase of 100% from the normal price in the range of IDR 35,000-40,000 per kg. From CNBC Indonesia's monitoring at two traditional markets in the Central Jakarta area, Gandaria Market and Gondangdia Market this morning, Monday (22/4/2024), the price of shallots was simultaneously at the level of IDR 80,000 per kg. Based on what traders in the two markets said, the price of shallots began to move up gradually from 10 days before Eid al-Fitr. "Today the price of red onions is still at IDR 80,000 per kg. It started to increase from before Eid, if I'm not mistaken it increased 10 days before Eid. This was the case yesterday when the increase was gradual, now it remains at IDR 80,000, there have been no significant drops or decreases especially retail," said Asep, one of the traders at Gandaria Market, Central Jakarta. ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.