Food Prices Soaring in This Post-Eid Period

The Indonesian market has witnessed a surge in the selling prices of several key commodities, including sugar, bulk packaged cooking oil, and garlic. This increase can be attributed, at least in part, to dwindling supplies at the domestic level.

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23 Apr 2024 - 20.30
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Food Prices Soaring in This Post-Eid Period

Pedagang bawang putih beraktifitas di salah satu pasar di Jakarta, Selasa (3/3/2020). Bisnis:Abdurachman

Bisnis, JAKARTA – Food commodities witnessed volatility once again following Idul Fitri 1445 H. Both domestic and international factors contributed to the surge in prices for various staple foods.

Key commodities such as sugar, bulk-packaged cooking oil, and garlic have seen notable increases in selling rates in the Indonesian market. This situation is partly attributed to dwindling supplies domestically.

The Indonesian Sugar Association (AGI) shed light on the escalating prices of granulated sugar in the market. According to AGI expert Yadi Yusriadi, the surge in prices is primarily attributed to dwindling sugar stocks. The sluggish pace of sugar imports is compounded by stagnant domestic production.

AGI highlighted that domestic sugar production remains at approximately 2.3 million tons, while sugar consumption needs have surged to around 3 million tons.

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