Strike wave from tofu and tempeh traders to cows in Indonesia

Published 2022년 2월 26일

Tridge summary

Domestic beef traders in Indonesia are planning to strike due to rising prices, while tofu and tempeh makers already have, demanding the government to allow them to increase prices without protest. The high cost of imported soybeans has led to the closure of many small businesses. The price of beef has also increased due to supply chain disruptions and Indonesia's reliance on beef cattle from Australia, which is experiencing a population decline. The price of local feed sources is also increasing due to advanced extraction technology and demand. However, importers continue to trade despite losing money, possibly hoping for a sudden drop in the price of Australian feeder cattle.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Now, it is the turn of domestic beef traders who plan to strike because prices continue to rise. As a result, buyers are reduced and reduce turnover. Previously, tofu and tempeh craftsmen also went on strike and asked the government to guarantee that they could raise prices without triggering protests. The reason is that the price of imported soybeans has not dropped since 2021. As a result, tens of thousands of 20 kg-scale crafters per day have to close their businesses and turn into laborers. When the price of soybeans and a number of other agricultural products refused to fall, the price of beef followed suit. The Strategic Food Price Information Center (PIHPS) website noted that the price of beef varies depending on quality, from Rp120 - 129 thousand per kg. Meanwhile, monitoring by infopangan.jakarta.go.id noted that beef prices ranged from Rp. 132 to 137 thousand per kg, depending on the type of cut. Deputy Chairman of Kadin for Trade Juan Permata ...

Source: Cnbcindonesia