Premium quality granulated sugar prices in West Papua rose 3.49% this week.

Economics & Macro

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Agus Dwi Darmawan 24/05/2024 13:49 WIB

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

Premium Quality Granulated Sugar Price Trends in West Papua Over the Last Three Months (Thursday, May 23, 2024)

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Premium quality granulated sugar prices in West Papua rose 3.49% this week.

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Premium Quality Granulated Sugar Price Trends in West Papua Over the Last Three Months (Thursday, May 23, 2024)

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Premium quality granulated sugar in West Papua was sold at Rp 22,250 per kg on Thursday, May 23, 2024. Compared to other regions, this is 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 West Papua has increased by 3.49% in the past week.

Compared to the price 30 days prior, the price of premium quality granulated sugar in this region has increased by 7.49%. This signifies a significant increase within a month. Furthermore, compared to the last year's prices, the current selling price of premium quality granulated sugar in West Papua'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 continuously increased, rising 7.49% compared to the previous month.

The price of premium quality granulated sugar reached its lowest point at Rp 19,600 per kg on Monday, January 1, 2024. The highest price reached this year was around Rp 22,250 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 0.33% 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."