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2 clusters · 5 sources · 25 days · First seen · Last updated

Indonesian food commodity market monitoring

Overview

Indonesian Trade Minister Budi Santoso has been monitoring food commodity markets to ensure price stability and availability. In late August, the Minister addressed the rise of specialty rice varieties, stating that fortified and long-grain rice would not displace the premium and medium rice markets in modern retail. To maintain supply, the government is utilizing Perum Bulog to distribute premium and medium rice through specific programs.

By late September, monitoring efforts expanded to direct inspections of local markets, such as Pasar Potrojayan in Sleman. While most staple goods, including eggs, chicken, and certain vegetables, remained within or below their designated maximum retail prices (HET), some commodities like bird’s eye chili were found to exceed reference prices. The Minister emphasized that the HET system serves to balance the interests of both producers and consumers.

Entities

Budi Santoso · Ministry of Trade · Bulog · Sleman · Pasar Potrojayan

Timeline

  1. 3 days ago

    [BUSINESS] 3 sources
    Trade Minister Budi Santoso monitors food prices in Sleman

    Indonesian Trade Minister Budi Santoso reported that most staple food prices in Sleman remain stable and below price ceilings, though bird's eye chili prices have seen an increase.

  2. 28 days ago

    [BUSINESS] 3 sources
    Indonesia Trade Minister: Specialty rice will not displace premium rice markets

    Indonesian Trade Minister Budi Santoso says specialty and fortified rice trends will not displace premium and medium rice markets, as they serve different consumer segments.

Sources

antaranews.com · bisnis.liputan6.com · cnbcindonesia.com · pendidikan.harianjogja.com · republika.co.id