These 5 Provinces Saw the Highest Sugar Price Increases Through May 2022

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Dzulfiqar Fathur Rahman 01/06/2022 16:10 WIB

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In North Kalimantan, the price of granulated sugar is projected to increase by 20.37% to Rp16,250 per kilogram (kg) on Tuesday compared to the beginning of the year, according to data from the Ministr

Top 5 Provinces with the Highest Increase in Granulated Sugar Prices (January-May 31, 2022)

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These 5 Provinces Saw the Highest Sugar Price Increases Through May 2022

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Top 5 Provinces with the Highest Increase in Granulated Sugar Prices (January-May 31, 2022)

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Based on data from the Ministry of Trade (Kemendag), sugar prices are estimated to have increased in almost all provinces.

The highest price increase was found in North Kalimantan. From the beginning of the year to May 31, 2022, the price of sugar in this province is estimated to have increased by 20.37% (year-to-date/ytd) to Rp16,250 per kilogram (kg). This sugar inflation rate is the fastest among other provinces.

The most expensive sugar price was recorded in Papua, at Rp16,300 per kg. This price has increased by 6.54% (ytd) since the beginning of the year until May 31, 2022.

Consumer-level product prices, especially food and beverage products, have increased since the beginning of 2022, along with the surge in demand during the economic recovery from the pandemic's impact.

This price increase also occurred amid the eruption of the Russia-Ukraine war and the emergence of a policy restricting sugar exports from India starting at the end of May 2022.

India, the second-largest sugar exporter after Brazil, contributed approximately 11.11% to Indonesia's sugar imports in 2020, according to data from the Central Statistics Agency (BPS).

Editor : Adi Ahdiat

"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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These 5 Provinces Saw the Highest Sugar Price Increases Through May 2022

These 5 Provinces Saw the Highest Sugar Price Increases Through May 2022

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