Indonesia: Why aren't the prices of chicken and eggs going down?

Published 2024년 3월 18일

Tridge summary

Indonesia's Trade Minister, Zulkifli Hasan, has announced a decrease in the prices of rice and chilies at Pasar Anyar, Bogor, West Java. The price of rice has fallen by nearly Rp. 1,000 to Rp. 17,000 per kg, and chilies have dropped from IDR 100,000 to IDR 60,000 per kg. Despite this, the prices of chicken eggs and chicken meat remain high due to the cost of corn feed, currently priced at IDR 8,000 per kg. However, with the onset of the corn harvest season and a drop in corn prices to IDR 4,200-IDR 5,200 per kg, a decrease in these prices is expected soon.

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

Original content

Bogor, CNBC Indonesia - Minister of Trade (Mendag) Zulkifli Hasan or familiarly called Zulhas conducted a review of prices and supplies during Ramadan at Pasar Anyar, Bogor, West Java this morning, Monday (18/3/2024). From the results of the inspection, it was found that the prices of rice and chilies had moved down. However, this is different from the prices of chicken eggs and chicken meat which are still stable and high. "Thank God, rice has started to fall, according to what I said some time ago. Rice has fallen a lot, almost Rp. 1,000, to Rp. 17,000 (per kg). There is also a decrease of Rp. 2,000, to Rp. 15,000 (per kg). kg). "Hopefully there will be a big harvest at the end of next month, so that local rice prices will return to normal," said Zulhas when met at Pasar Anyar, Bogor, West Java, Monday (18/3/2024). "Chili peppers, just last Friday (15/3/2024) the price was IDR 100,000 (per kg), just three days ago we saw that it had (dropped), now it's IDR 60,000 (per kg)," he ...

Source: Cnbcindonesia