Anticipating the Impact of Rising Global Food Prices

On June 3, the FAO released the May 2021 world food price index of 127.1, which showed 4.8 percent growth from April of this year and 39.7 percent from May of last year.

Kompas/Iqbal Basyari

A rice seller in Genteng Market, Surabaya, East Java, selling Perum Bulog market operation rice priced at Rp 9,000 per kilogram, down compared to yesterday’s price of Rp 9,350 per kilogram, Wednesday (10/1/2018). The price has been cut because sellers are concerned that the rice from Bulog may not sell well.

JAKARTA, KOMPAS — As the increase in global food prices is beginning to affect the prices of a number of national food commodities, the government needs to take anticipatory measures by strengthening the food stock at least for the next year and by stabilizing prices so that consumer purchasing power is not eroded.

The Food and Agriculture Organization (FAO) and the International Monetary Fund (IMF) have warned of rising global food prices, especially for vegetable oils, meat, sugar and cereals.