The global soybean price is rising, the Ministry of Trade in Indonesia ensures that the price of tofu and tempeh is stable

Published 2021년 5월 5일

Tridge summary

The global soybean price for May 2021 has increased by 8.12% from April, leading to concerns about the stability of tofu and tempeh prices. In response, the Indonesian Ministry of Trade is working to maintain the price of imported soybeans at a level acceptable for tofu and tempe makers. The Ministry is also monitoring global soybean prices to ensure reasonable prices for craftsmen and sufficient stock to meet national needs, especially ahead of Eid al-Fitr 2021. Additionally, the Ministry is encouraging regular supply of soybeans to tofu and tempe makers by importers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Reporter: Lidya Yuniartha | Editor: Anna Suci Perwitasari KONTAN.CO.ID - JAKARTA. The global soybean price at the beginning of May seems to have strengthened compared to April. Even so, the Ministry of Trade (Kemendag) is trying to keep the price of soybeans at the level of craftsmen and the price of tofu and tempeh remains stable. Based on the Chicago Board of Tarade (CBOT), the world price of soybeans for supply in May 2021 is at the level of US $ 15.42 per bushels. The price is up about 8.12% from April supply which was at US $ 14.26 per bushels. "The increase in the price of imported soybeans at the level of tofu and tempe craftsmen is due to soybean commodities from the United States which have not yet entered the harvest period, so this has an impact on the current high price of soybeans," said Director General of Domestic Trade, Oke Nurwan, in a written statement received by Kontan.co.id. , Wednesday (5/5). Even though the price of imported soybeans has increased, Oke said ...
Source: Kontan

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