Coronavirus and Food Alert

The global trade chain is the most sensitive to the coronavirus pandemic.

KOMPAS/Lasti Kurnia

SOEs Minister Erick Thohir (center), SOEs Deputy Minister Budi Gunadi Sadikin (right), Bulog Managing Director Budi Waseso (second right), Bulog Director of Operations and Public Services Triwahyudi Saleh (second left) and Bulog Commercial Director Mansur (left) review Bulog warehouses , in Kelapa Gading, Jakarta, Wednesday (3/4/2020). Erick Thohir ensured that the Bulog rice stock was sufficient for the needs before Lebaran and the anticipation of panic as a result of the corona virus.

In early March 2020, the global stock market lost more than US$6 trillion due to the worst economic condition since 2008. An agreement on the export of agricultural products from the United States to China worth $80 billion for 2020 and 2021 will likely not be realized because of the threat of the coronavirus (R Mc-Crimmon, Morning Agriculture, 11/3/2020). In several countries, the inspection of food processing plants has also been delayed and could increase food safety risks. Most developed countries are tightening goods inspection, both at the entrance and exit. Both of these steps have the potential to cause a drastic reduction in exports or imports.

Decline in exports and state income