The price of canned fish goes up in Indonesia, this is the culprit

Published 2022년 8월 3일

Tridge summary

The Indonesian fish canning industry is under pressure due to a significant increase in the cost of raw materials, with prices rising almost 50%. The industry is struggling as the high costs cannot be passed on to consumers due to weak purchasing power. As a result, business actors are trying to make their operations more efficient and reducing production capacity. They are also hoping for government social assistance programs to include canned fish. The industry is also facing a limited supply of local raw materials and is reliant on imports, but the number of countries exporting to Indonesia is decreasing and prices are rising.

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

Original content

Jakarta, CNBC Indonesia - The fish canning industry is currently under pressure from the high cost of raw materials, the increase is almost 50%. General Chairperson of the Indonesian Fish Canning Association (Apiki), Hendri Sutandinata, said that business actors must also spin their minds in order to make efficiency, both in terms of production costs and other costs. According to CNBC Indonesia's monitoring at one of the minimarkets in Ciapus, Bogor Regency, it can be seen that there was a price adjustment at the beginning of this August. For example, ABC Sardines type of tomato and extra spicy 425 grams is now available at a price of Rp. 23,500. Previously it was still in the range of Rp. 20,000 to Rp. 21,000. Meanwhile, the Maya Sardine brand is now IDR 10,600 for the 155 gram size. "Similar to other food industries, we are in a difficult condition in the sense that the price of raw materials goes up a lot, but the selling price can't go up too much because purchasing power is ...

Source: Cnbcindonesia