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Bulog to control garlic prices through market intervention
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The State Logistics Agency will carry out market intervention practices to stabilize the price of garlic starting on Saturday. (Kompas/Defriatno Neke)
T
he State Logistics Agency (Bulog), anticipating a possible jump in garlic prices ahead of the fasting month of Ramadhan, which begins late this month, will carry out market intervention practices at several traditional markets in Jakarta, starting on Saturday.
“The prices of garlic at markets has continued to increase. Therefore, Bulog will intervene in the markets to stabilize the prices. The price increase is expected to remain controllable during the fasting month,” head of Bulog’s Jakarta branch Mansur said as reported by kompas.com.
The market operation, held in cooperation between Bulog and the Trade Ministry, will be implemented at Kramat Jati Market in East Jakarta, Senen Market in Central Jakarta, Tomang Barat Market in West Jakarta, Pasar Minggu Market in South Jakarta and Tanah Abang Market in Central Jakarta.
Bulog prepared 24 tons of garlic from Brebes in Central Jakarta for the operation.
“Bulog sold garlic at Rp 36,000 (US$2.69) per kilogram. We hope this can decrease the current garlic prices, especially in Jakarta,” he added. According to infopangan.jakarta.go.id, the price of garlic was at Rp 58,357 per kilogram last Saturday.
The market intervention, which is officially known as the Food Price Stabilization Movement, will be carried out nationwide to control prices of garlic and other commodities, such as rice, sugar, cooking oil, meat and onion. (ecn/bbn)
