Indonesia imports 22,816 tons of meat in March 2022, up nearly 200%

Published 2022년 4월 21일

Tridge summary

The Indonesian government is relaxing import restrictions on meat to address high prices in the market, allowing private sectors to import meat, notably resulting in a significant increase in beef imports in March 2022. Imported beef mainly came from India, Australia, and the US, with the total import value for March being US$ 73.93 million. The Ministry of Agriculture has noted a decrease in the demand for beef imports in 2022 compared to the previous year, attributed to stock reserve builds. The national average beef price has seen fluctuations, peaking at IDR 140,000/kg in March 2022.

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

Original content

Jakarta, CNBC Indonesia - The government claims that it continues to try to control the high price of meat in the market, one of which is by loosening imports of meat to the private sector, which was previously only given to SOEs. This policy has an impact on the flood of imported meat in the market. Not surprisingly, throughout March 2022, based on data from the Central Statistics Agency (BPS), Indonesia imported 22,816.8 tons of beef or US$ 73.93 million. In detail, the realization of beef imports in March rose 198.06% compared to the previous month, where the volume of imports only reached 7,667.2 tons or equivalent to US$ 24.81 million. The beef imported in March 2022 was mostly imported from India with a volume of 16,464 tons, Australia 4,627 tons, the United States 889.65 tons, New Zealand 734 tons, Spain 99.4 tons, and other countries 2.7 tons. As an illustration, the Ministry of Agriculture announced that the demand for beef/buffalo imports in 2022 was 266,065 tons, down ...

Source: Cnbcindonesia