US dollar strengthens; Chairman of the Indonesian House of Representatives reminds government to anticipate spike in commodity prices

Published 2023년 10월 24일

Tridge summary

The Chairman of the Indonesian House of Representatives, Puan Maharani, has urged the government to prepare for the rising prices of commodities such as soybeans due to the strengthening US dollar against the rupiah. Puan suggested implementing policies to control imports of goods affected by the exchange rate, particularly soybeans which are essential for making tofu and tempeh. Additionally, Puan urged the government to support soybean farmers and increase domestic soybean production to positively impact the country's economy and food security.

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Original content

JAKARTA - Chairman of the Indonesian House of Representatives, Puan Maharani, asked the government to anticipate increases in commodity prices due to the strengthening of the US dollar (United States) exchange rate against the rupiah. One commodity that is expected to soar in price is soybeans. "The government can consider policies that control imports of goods that are sensitive to the rupiah exchange rate, such as soybeans which are the raw material for tofu and tempeh," said Puan in her statement, Tuesday (24/10/2023). Even though the influence of the US dollar on soybeans is very significant, Puan also pushed for strengthening assistance for soybean farmers. On the other hand, he asked the government to intervene in an effort to boost local soybean production. "Increasing soybean production will have a positive impact on the country's economy and food security," said Puan. He reminded that soybeans are not only the raw material for tempeh and tofu, which are the daily food of ...

Source: Okezone