Premium Sugar Prices in North Sulawesi Rise 5.84% in a Week

Economics & Macro

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Agus Dwi Darmawan 26/05/2024 07:31 WIB

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Even compared to prices over the past year, the retail price of premium-quality granulated sugar in North Sulawesi's modern markets is currently the highest on record.

Premium Quality Granulated Sugar Price Trends in North Sulawesi Over the Past Three Months (Friday, May 24, 2024)

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Premium Sugar Prices in North Sulawesi Rise 5.84% in a Week

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Premium Quality Granulated Sugar Price Trends in North Sulawesi Over the Past Three Months (Friday, May 24, 2024)

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Premium quality granulated sugar in North Sulawesi was sold at Rp 19,950 per kg on Friday, May 24, 2024. Compared to other regions, this area saw the highest price increase in the last week.

According to daily commodity price monitoring data from the National Strategic Food Price Information Center, the price of premium quality granulated sugar in North Sulawesi increased by 5.84% within a week.

Compared to prices 30 days prior, the price of premium quality granulated sugar in this region has increased by 13.68%. This signifies a significant surge within a month. Furthermore, compared to prices over the past year, the current selling price of premium quality granulated sugar in North Sulawesi's modern markets is the highest on record.

For the period of January-May 2024, the price of premium quality granulated sugar in modern markets has steadily increased, rising 13.68% compared to the previous month.

The price of premium quality granulated sugar reached its lowest point at Rp 9,850 per kg on Wednesday, January 10, 2024. The highest price reached this year was around Rp 19,950 per kg.

Nationally, the price of premium quality granulated sugar began to rise towards the end of 2021. The average price of premium quality granulated sugar in modern markets is Rp 18,625 per kg, a 0.34% increase compared to the end of last week.

"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."