Beef Prices Continue to Rise

09/08/2016 13:05 WIB
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Beef Prices 2010-2015
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Beef is a primary food source for meeting the protein needs of the Indonesian population. However, beef is not only consumed by households but also serves as a raw material for the hotel, restaurant, processing, and catering industries. This high demand keeps beef prices elevated.

According to data released by the Ministry of Trade, beef prices from 2010 to 2015 steadily increased by an average of 10.5 percent per year. At the end of 2015, the price of beef reached Rp 110,520 per kilogram, a 63.8 percent surge from its 2010 level. By the end of July 2016, the price had reached Rp 114,410 per kilogram. Despite government imports, prices remain high, particularly during Ramadan and leading up to Idul Fitri.

The 2015-2019 Beef Commodity Outlook indicates that Indonesian beef production from 1984 to 2015 increased by an average of 2.68 percent annually. Beef production in 1984 was recorded at 248,500 tons, reaching 523,900 tons by 2015.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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