Indonesia: The price of beef explodes

Jakarta, CNBC Indonesia - The price of beef on the market has skyrocketed ahead of Ramadan. The average price of beef is currently around IDR 160,000 per kg. Even though beef is needed to cook rendang on the first day of fasting. According to CNBC Indonesia's monitoring, Tuesday (21/3/2023), the price of beef at the East Tebet Market for the thigh section is set at Rp. 170,000-180,000 per kg. "Prices have gone up from there, but selling on the market has not gone up. It has gone up a bit, starting today. I have not increased the price yet, from before I was still selling Rp. 150-160 thousand per kg," said Munir, a meat trader. cattle in the market. Other beef traders, Jalal and Mahmud predicted that the increase in beef would continue until the Idul Fitri holiday. There is a possibility that the increase is around IDR 10,000-20,000 per kg. "It's possible, from those that have gone up (in the previous year) it has gone up, every year it will definitely go up. The increase is not ...