Sugar Prices in South Kalimantan Soar 6757.14% in a Week

Economics & Macro

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Agus Dwi Darmawan 31/05/2024 13:44 WIB

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Even compared to prices over the past year, the retail price of local granulated sugar in South Kalimantan's modern markets is currently the highest on record.

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Sugar Prices in South Kalimantan Soar 6757.14% in a Week

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Local granulated sugar prices in South Kalimantan reached Rp 1.2 million per kg on Thursday, May 30, 2024. This represents the highest price increase in the last week compared to other regions.

According to daily commodity price monitoring data from the National Strategic Food Price Information Center, local granulated sugar prices in South Kalimantan have increased by 6757.14% in the past week.

Compared to prices 30 days prior, local granulated sugar prices in the region have increased by 7400%. This signifies a significant surge in price over the past month. Furthermore, compared to prices over the past year, the current price of local granulated sugar in South Kalimantan's modern markets is the highest on record.

From January to May 2024, local granulated sugar prices in modern markets have continuously risen, increasing by 7400% compared to the previous month.

Local granulated sugar prices reached a low of Rp 16,000 per kg on Monday, January 1, 2024. The highest price this year reached approximately Rp 1.2 million per kg.

Nationally, local granulated sugar prices began to rise towards the end of 2021. The average price of local granulated sugar in modern markets was Rp 55,762.90 per kg, a 68.6% increase compared to the previous weekend.

"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."