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Thursday, August 30, 2018

Inter-regional trade can control inflation: BI

BI encourages implementation of strategic food commodity trade among the regions.

REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) representative of West Sumatra has encouraged the implementation of strategic food commodity trade among the regions. The call was delivered as an effort to control inflation.

"The district and city government in West Sumatra is committed to making it happen by conducting trials with several district cities, as agreed at the Regional Inflation Control Team (TPID) meeting," Head of West Sumatra Representative of West Sumatra, Endy Dwi Tjahjono, said here on Thursday.

According to him, strategic commodities that are of concern in inter-regional trade and that often triggered inflation are chicken meat, red onion, and red chili. In addition, the West Sumatra TPID is committed to truly control inflation in the second semester of 2018 by ensuring that the commodities triggering the availability are sufficient, he remarked.

Secretary of the Padang Pasar Raya Chicken Farmers Traders Association, Rajabman, noted that since the first week of July 2018, there was an increase in the price of chicken eggs, reaching Rp16 thousand from the normal price of Rp13 thousand, and chicken meat from Rp24 thousand to Rp31 thousand per kilogram .

According to Rajabman, there was insufficient supply when the price of broiler chicken was Rp31 thousand. Therefore, he called on the government to stabilize the prices. He admitted that due to the increase in chicken meat prices, there was a drop in the number of buyers as they considered it too expensive.

However, based on monitoring at Pasar Raya Padang, the price of chicken eggs has currently fallen from Rp16 thousand to Rp13 thousand and chicken meat has fallen from Rp31 thousand to Rp24 thousand per kilogram.

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https://en.republika.co.id/berita/en/national-politics/18/08/30/pe9xpb414-interregional-trade-can-control-inflation-bi

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