Rising Global Food Prices Affect Indonesia
The FAO food price index in September reached 130 an increase of 32.8 percent on an annual basis. The figure was the highest since September 2011, driven by the rise in prices for cereals, especially wheat, rice and corn
/https%3A%2F%2Fkompas.id%2Fwp-content%2Fuploads%2F2021%2F09%2Fe7e205d9-e6ff-46b4-b12b-92e71bd108c9_jpg.jpg){kind=logo}
Farmers observe corn plants ready to harvest in Banjarsari Village, Kradenan District, Grobogan Regency, Central Java, Wednesday (29/9/2021). The national corn harvest will take place from September to December 2021. According to data from the Ministry of Agriculture, at the end of the year, the corn stock is estimated to be over stocked by 2.85 million tons.
JAKARTA, KOMPAS - The Food and Agriculture Organization of the United Nations (FAO) reported that global food prices rose in September to reach their highest level in the last 10 years. The rising global prices also affected the prices of commodities in the country, especially soybeans and corn. However, Indonesia also benefited from the increase in crude palm oil (CPO) prices.
The FAO food price index in September reached 130, an increase of 32.8 percent on an annual basis. The figure was the highest since September 2011, driven by the rise in prices for cereals, especially wheat, rice and corn, as well as vegetable oils such as CPO.