double-skinned crabsVietnamese crab exportergood crabexellent crab

Trade Minister Says Food Prices Stable Ahead of Eid as Government Steps Up Market Monitoring

Dayat
March 16, 2026 | 12:46 pm
SHARE
Trade Minister Budi Santoso inspected food prices at Rawasari Market, Jakarta, Monday, Mar. 16, 2026. (Antara Photo)
Trade Minister Budi Santoso inspected food prices at Rawasari Market, Jakarta, Monday, Mar. 16, 2026. (Antara Photo)

Jakarta. Trade Minister Budi Santoso said prices of essential food commodities remain broadly stable and supplies are sufficient ahead of the 1447 Hijri Eid al-Fitr holiday, as the government intensifies market monitoring to prevent excessive price increases.

Budi said the government will continue conducting direct inspections in traditional markets to ensure availability and keep prices within the official reference limits set by the government.

“Direct checks in markets can psychologically influence traders not to sell at excessively high prices or above the highest retail price. We will continue carrying out these inspections,” Budi said during a visit to Rawasari Market in Jakarta on Monday.

According to the ministry’s monitoring at Rawasari Market, several key commodities are still trading within reasonable price ranges. Broiler chicken was selling at around Rp 40,000 or approx. $2.35 per kilogram, in line with the government’s reference price, while shallots were priced at roughly Rp 40,000 per kilogram, slightly below the reference ceiling of Rp 41,500.

ADVERTISEMENT

The government’s subsidized cooking oil brand Minyakita was selling at about Rp 15,700 per liter, close to the government’s highest retail price limit.

Budi added that the government is also encouraging the supply of alternative cooking oil brands to give consumers more affordable options.

“Other cooking oil brands or second-tier brands are meant to complement Minyakita. This way, people do not rely on just one brand and still have access to affordable cooking oil choices,” he said.

Despite the overall stability, several commodities have seen slight price increases, particularly bird’s eye chilies and eggs, driven by rising demand ahead of Eid.

However, Budi said the increases remain within a normal range. The government will continue monitoring price movements and supply through the Basic Necessities and Market Monitoring System (SP2KP).

He said the system currently tracks prices at around 550 markets nationwide on a daily basis.

“Every day, we receive reports from regions across the country. Around 550 markets are monitored regularly to track price developments,” Budi said.

Based on SP2KP data as of March 13, 2026, medium-grade rice was priced at Rp 13,680 per kilogram, while premium rice stood at Rp 15,342 per kilogram.

Minyakita was recorded at Rp 15,872 per liter, while premium cooking oil averaged Rp 21,180 per liter.

Meanwhile, broiler chicken was priced at Rp 40,462 per kilogram, and eggs at Rp 30,879 per kilogram.

For other commodities, curly red chilies were recorded at Rp 39,790 per kilogram, bird’s eye chilies at Rp 78,079 per kilogram, large red chilies at Rp 41,630 per kilogram, shallots at Rp 39,934 per kilogram, and garlic at Rp 36,146 per kilogram.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business Oct 1, 2026 | 1:36 pm

Indonesia’s Inflation Hits 3.28% as Food, Transport Costs Rise

Indonesia’s annual inflation reached 3.28% in September, driven by rising food and transportation costs.
Business Aug 20, 2026 | 11:30 am

Bank Indonesia Warns El Nino Could Push Up Food Prices, Inflation

Bank Indonesia warns a stronger El Nino could disrupt food supplies and put renewed pressure on inflation in the coming months.
Business Aug 19, 2026 | 3:42 pm

BI Keeps Rate at 5.75% in August

Bank Indonesia keeps its benchmark rate at 5.75% in August, prioritizing rupiah stability and inflation control amid global volatility.
Business Aug 3, 2026 | 1:14 pm

Indonesia Posts 0.14% Deflation in July

Indonesia recorded 0.14% monthly deflation in July as lower food prices outweighed rising transportation and education costs.
Business Jun 15, 2026 | 3:13 pm

Indonesia Changes Import Rules to Ease Cargo Delays, Improve Compliance

Indonesia revises import rules to tighten oversight, reduce cargo delays, and improve customs validation systems.
Business Jun 2, 2026 | 1:49 pm

Indonesia's May Inflation Hits 0.28% on Food Price Surge

Indonesia's inflation accelerated to 0.28% in May, driven by higher food prices led by chili peppers, cooking oil, and shallots.
Business May 25, 2026 | 7:49 pm

Trade Minister Says He Cannot Intervene in Closure of Alfamart and Indomaret Outlets in Lombok 

The trade minister says local governments have full authority over retail store licensing and closures.
Business May 25, 2026 | 4:02 pm

Bappenas Launches Export Dashboard to Boost Global Trade Competitiveness

Bappenas introduces a data-driven platform to identify export opportunities and strengthen downstream industries.
Business May 10, 2026 | 1:55 pm

Indonesia Plans E-Commerce Rule Revision After SME Complaints Over Fees

Indonesia is preparing new e-commerce rules after SMEs complained about rising marketplace administrative and logistics fees.
Business Apr 20, 2026 | 11:15 am

Economists Call Indonesia’s Fuel Price Hike a Necessary Correction

Indonesia raises non-subsidized fuel prices while keeping subsidies unchanged to protect purchasing power and contain inflation.

The Latest


Special Updates 46 minutes ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 1 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 2 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
News 3 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 5 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED