Get ready for cheap imported Brazilian chicken meat to invade Republic of Indonesia, only IDR 15,000/Kg

Published May 17, 2024

Tridge summary

Indonesia is at risk of experiencing an influx of imported chicken meat from Brazil, following a likely loss at the World Trade Organization (WTO). This situation is attributed to the country's entry into a free market, which has diminished import barriers. The imported chicken meat is expected to be significantly cheaper, posing a threat to domestic producers. Despite the potential influx not being a result of a domestic stock shortage, the fear of increased prices for locally produced chicken meat persists.

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

Original content

Jakarta, CNBC Indonesia - Imported chicken meat has the potential to invade the domestic market. Because, according to the Deputy for Food Availability and Stabilization of the National Food Agency (Bapanas) I Gusti Ketut Astawa, there is a possibility that Indonesia will lose at the WTO session. On the other hand, Ketut added, Indonesia has now also entered the free market. Because of this, he said, barriers or boundaries at the entrance to the country are relatively no longer there. "If I'm not mistaken, at the WTO, there is only 1 more session left, with 7 members. Once the hearing is said, there is a 70% chance that they will lose, that's when Brazilian chicken meat will come in. At a cheaper price, at Rp. 12 -15 thousand (per kg)," said Ketut at the 2024 Main Praja Mitra Forum, Friday (17/5/2024). When compared with the price of domestically produced chicken meat, the price of imported chicken meat is much cheaper, even more than half. Currently, the Food Agency Price Panel ...

Source: Cnbcindonesia