Like in Indonesia, Global Chicken Prices Fall

Economics & Macro

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Adi Ahdiat 22/09/2022 14:20 WIB

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Similar to Indonesia, global chicken prices have shown a downward trend in recent months.

Global Average Chicken Meat Price per Month (January 2018-August 2022)

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Like in Indonesia, Global Chicken Prices Fall

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Global Average Chicken Meat Price per Month (January 2018-August 2022)

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The Indonesian government raised the price of fuel (BBM) for Pertalite, Solar, and Pertamax starting September 3, 2022.

This fuel price increase was followed by a rise in the price of several food commodities. However, some commodities also saw price decreases, including chicken meat.

Based on data from the Ministry of Trade's Market and Basic Needs Monitoring System (SP2KP), the average national price of broiler chicken in September 2022 was Rp34,800/kg.

This price decreased by approximately 0.28% compared to the previous month (month-on-month/mom). However, the price of broiler chicken in September 2022 was still approximately 2.35% higher than a year ago (year-on-year/yoy).

Similar to Indonesia, the global chicken price trend has also shown a downward trend in recent months.

According to World Bank data, the global chicken price in August 2022 was US$3.32/kg. This price fell by 6.2% from the previous month (mom).

The Food and Agriculture Organization (FAO) attributes this price decrease to higher supply than demand.

"In August 2022, international price quotations for poultry meat fell, driven by lower import purchases and slightly increased global export availabilities," explained the FAO in a report on its official website, Friday (2/9/2022).

Although it has decreased, the global chicken price in August 2022 was still higher than a year ago and significantly higher than in the years before the pandemic.

The global chicken price began to rise sharply since April 2021 and reached its highest level in May 2022, as shown in the graph.

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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