Indonesia: Corn prices rise quietly, watch meat and egg prices fly

Published 2023년 3월 20일

Tridge summary

Indonesia is experiencing a surge in corn prices, with the price at the farmer level rising by IDR 60 to IDR 6,080 per kg, a weekly increase from IDR 5,980 per kg. Despite this, the producer level price decreased by IDR 20 to IDR 4,510 per kg, but has also seen a monthly increase from IDR 4,140 per kg. Meanwhile, prices for compact breed chicken meat and eggs have also increased. The current chicken meat price is lower than last year's, while the egg price is higher. Corn makes up approximately 50% of chicken feed.

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

Original content

Jakarta, CNBC Indonesia - Domestic corn prices have been observed to be moving up. In fact, corn is one of the main raw materials for feed for broiler chickens. The Food Agency's Price Panel shows that the price of corn at the farmer level today, Monday (20/3/2023 at 16.50 WIB) has increased by IDR 60 to IDR 6,080 per kg. A week ago, March 13 2023, the price was still IDR 5,980 per kg. Surprisingly, today's price at the producer level actually decreased by IDR 20 to IDR 4,510 per kg. However, it has increased from a week ago, which is still at IDR 4,400 per kg. However, when viewed on a monthly basis, the price of dry shelled corn at the producer level in March 2023 jumped from February 2023 which was still at IDR 4,140 per kg. At the same time, today, the prices for compact breed chicken meat and eggs rose by Rp. 310 and Rp. 260, respectively, to Rp. 34,500 per kg of chicken meat and to Rp. 28,980 per kg of eggs. This price is the daily national average at the retailer level. The ...

Source: Cnbcindonesia