Indonesia: Feed prices soar, ministry of agriculture boosts corn production by 16.6 million tons

Published Jan 25, 2024

Tridge summary

Indonesian chicken farmers are grappling with increased costs due to a surge in poultry feed prices, driven by a corn shortage. The cost of corn has escalated to IDR 9,000 per kilogram, pushing up feed production costs, while chicken prices remain unchanged. This situation is expected to persist until early 2024. To address this, the Indonesian Ministry of Agriculture aims to increase corn production to 16.6 million tons in 2024.

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

Original content

Jakarta, CNBC Indonesia- Chicken farmers have complained about the increase in the price of poultry feed which will continue until early 2024 due to the depletion of corn availability. Currently the price of corn at the farmer level has reached IDR 9,000 per kilogram, as a result the price of feed production has soared while the selling price of chickens has not improved. Director of PPHTP, Directorate General of Food Crops, Indonesian Ministry of Agriculture, Batara Siagian, said that the impact of climate change will be one of the pressures on local corn production in 2023. So Huna will boost production in 2024 with a target of 16.6 million tons with a seed assistance strategy. What are the government's efforts to encourage corn production to deal with ...

Source: Cnbcindonesia