Minister of Agriculture warns about wheat in Indonesia
Wheat
Indonesia
Published Aug 12, 2022
Tridge summary
Jakarta, CNBC Indonesia - Minister of Agriculture (Mentan) Syahrul Yasin Limpo warned of the continuing impact of the Russia-Ukraine war on wheat supply and prices. He even warned that the effect could trigger a spike in the price of instant noodles that could fly up to 3 times.
Original content
However, according to the Head of the Trade Policy Agency of the Ministry of Trade, Kasan, the direct impact of the Russo-Ukrainian war on Indonesia was not large. However, it causes a domino effect that occurs indirectly, such as an increase in wheat prices. However, from the supply side, he said, it is still quite safe because many business actors have shifted their wheat imports from other countries, such as Australia and the United States. "Indeed, the price of (wheat) has increased and I think that in the case of wheat from the supply side, I have communicated with Mr. Franky (Director of PT Indofood Sukses Makmur Tbk), indeed the world supply of wheat is good, because the (global) production is sufficient. good)," Kasan told CNBC Indonesia, Thursday (11/8/2022). But from his point of view, the current and next year's food price index has started to move towards a downward trend in prices. Including wheat prices also fell from the previous months. "Because the peak price has ...
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