Indonesia: Sugar prices are also starting to increase

Published 2023년 9월 19일

Tridge summary

The price of sugar in Indonesia is starting to increase due to global price increases, concerns about the impact of El Nino, and higher purchasing prices set by the government. Indonesia relies heavily on imports for its sugar supply, and the recent increase in prices is also influenced by decreased production in major producing countries like India, Thailand, and Brazil. To secure domestic sugar supplies, the government is recommended to increase production through better productivity, the use of modern technology, and diversifying sources of sugar imports.

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

Original content

REPUBLIKA.CO.ID, JAKARTA -- The price of the sugar commodity, which is monitored by the government but whose supply is largely dependent on imports, is starting to creep up following in the footsteps of rice. Center for Indonesian Policy Studies (CIPS) researcher, Hasran, assesses that this price increase is partly due to global price increases, as well as concerns about the impact of El Nino. "The increase in sugar prices in Indonesia is caused by several factors, including the increase in world sugar prices, increases in production costs related to fertilizer and labor, concerns about the impact of El Niño on the 2023-2024 sugar cane harvest as well as the government setting higher purchasing prices at the farmer level, ” said Hasran in his official statement, Tuesday (19/8/2023). He said that sugar prices had been observed to rise above the reference sales price at the consumer level set by the National Food Agency of IDR 14,500 - 15,500 per kg depending on the region. However, ...

Source: Republika