Tridge summary
The Ministry of Trade in Indonesia has highlighted vanilla as one of the most valuable agricultural products grown in the country, with prices reaching Rp. 9 million per kilogram. This makes it a significant economic asset and has earned it the moniker 'green gold'. In 2018, vanilla beans were sold for US$650 per kilogram, but prices fell to US$200 per kilogram in 2020. This is in contrast to the world coffee price of US$2.2 per kilogram and cocoa beans, which were valued between IDR 25 - 35 thousand per kilogram in the same year. The Ministry of Trade noted that Vanilla Planifolia, one of the 110 types of vanilla plants, is widely used in the processed food and beverage industry and is a key export commodity for Indonesia. The vanilla plant is used to produce value-added products such as extracts, oleoresin extracts, and powders, which are then used in the culinary industry, perfumes, cosmetics, herbs, and essential oils.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Jakarta, CNBC Indonesia - Vanilla is one of the most expensive community plantation products that can be grown on Indonesian soil. The selling price even reached Rp. 9 million per kilogram. The Ministry of Trade also calls this commodity 'green gold' because it has economic value and a high selling price. So that it becomes one of Indonesia's 'treasure treasure' commodities. Citing the data, vanilla beans sold in 2018 reached US$650 per kilogram or Rp9.1 million per kilogram (Rp14,000/US$). Although in 2020 the price of vanilla beans was corrected to US$ 200 per kilogram or Rp. 2.8 million per kilogram. This is different from the world coffee price of only US$2.2 per kilogram or the equivalent of Rp. 30,000 per kilogram in 2020. Then citing data from the East Java Plantation Service, the price of cocoa beans is valued at IDR 25 - 35 thousand per kilogram. Meanwhile, for garden products that made Indonesia ogled by many immigrants in the past, such as nutmeg, it was only Rp. 75,000 ...
Source: Cnbcindonesia
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