Consumer demand in Indonesia, the world’s most populous Muslim country, usually picks up for the Ramadan and Idul Fitri festivities, often triggering concerns over inflation.
Indonesia has a sufficient supply of staple foods ahead of Ramadan, the government has assured.
The fasting month will start in the first week of May.
Consumer demand in Indonesia, the world’s most populous Muslim country, usually picks up for the Ramadan and Idul Fitri festivities, often triggering concerns over inflation.
Coordinating Economic Minister Darmin Nasution recently assured that Indonesia had an adequate supply of staple foods to meet the rise in consumer demand in the fasting month.
“Basically, there have been no problems in the price of most food commodities,” Darmin said, adding that rice stocks have been supported by the recent harvest.
However, he acknowledged the upward trend in the prices of shallots was primarily driven by a lack of supply in the market as both commodities have yet to have their harvest season, which is expected to fall between May and June.
Darmin expressed hope that prices will decrease after the harvest, to between Rp 25,000 (US$1.76) and Rp 30,000 per kilogram.
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