Signals of falling rice prices are starting to appear, beef and chilies continue to rise in Indonesia

Published 2024년 4월 2일

Tridge summary

As Eid approaches in Jakarta, there's a mixed trend in the prices of food ingredients. While the prices for premium and medium rice, purebred chicken meat, eggs, cooking oil, and wheat flour have decreased, there's an uptick in the costs of shallots, garlic, curly red chilies, red cayenne pepper, pure beef, sugar, imported soybeans, mackerel, tuna, milkfish, and iodized fine salt. Sutarto Alimoeso from the Rice and Rice Milling Entrepreneurs Association highlights an improvement in rice supply and a reduction in grain prices for farmers, suggesting a positive market trend, though he notes that the impact on consumer prices will take time to manifest.

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

Original content

Jakarta, CNBC Indonesia - Prices of strategic and basic food ingredients today, Tuesday (2/4/2024) or around 10 days before Eid, are observed to be fluctuating. The price of compact rice fell, while the price of beef continued to rise. The Food Agency Price Panel shows that the price of premium rice today fell by IDR 20 to IDR 16,220 per kg and medium fell by IDR 30 to IDR 14,040 per kg. A week ago, March 26 2024, the price of premium rice was recorded at IDR 16,320 per kg. This price is the national daily average at the retail trader level. Not only rice, the prices of purebred chicken meat and eggs also fell today, respectively Rp. 60 and 140. The price of chicken meat is Rp. 37,300 per kg and chicken eggs are Rp. 30,980 per kg. Likewise, the prices of cooking oil and wheat flour have reportedly fallen. The price of bulk wheat flour fell by IDR 50 to IDR 10,570 per kg and packaged wheat flour fell by IDR 10 to IDR 13,460 per kg. The price of simple packaged cooking oil fell by ...

Source: Cnbcindonesia