INTERNATIONAL SUGAR PRICE DECLINE
The international sugar price movements today began rolling, the government recorded a decrease of USD 500, this causes the domestic price of sugar began to fall in the range of USD 200 to USD 300.
This was conveyed by the Deputy Coordinating Minister for Economic Affairs of Agriculture and Marine Krisnamurthi when met at the office of the Minister of Finance, Jalan Wahidin Raya, Jakarta, Wednesday (9/9/2009).
“So if the world price down and we did not do anything it can play a trader margin still. But if now the world price down and we do the operation of markets, traders also played margin thinkers,” he said.
Bayu said he was optimistic in the short term, reduction in sugar prices will occur. But in the long run certainly had its price movements.
“6 months ahead is not certain. There will move us look analyzed is uncertain, there is rising and there are down. We hope the best for us,” said Bayu.
Cooking Oil price increases and Sugar.
Prices of basic commodities on the first day of fasting is still stable, but the price of cooking oil and sugar continued to crawl up recorded.
From the observation at Jakarta Rawamangun market, the selling price of rice is stable there is no increase. “Rice is our fixed price sale even though the agent of rice up to 5.5 thousand USD was USD 255 thousand now sold at Rp 265 thousand per bag (50kg). For the rice which USD 5 thousand, agents selling of USD 245 thousand to $ 255 thousand, “said Nina rice traders in those markets.
But sugar prices by a dealer will continue to increase from Rp 8.000/kg before Lebaran to $ 10,000. Likewise, the price of cooking oil that far up from sebelumnnya USD 8.000/liter to Rp 9.500/liter.
“I think the oil and sugar are still rising, but it increased gradually can be fixed in the price of Rp 10,000 to Lebaran” Amen clearly a dealer in that market.
Amen added sugar prices and oil market (news) depends on the price of the parent who currently range from USD $ 9000 more for sugar and oil.
However, there are losses over the price of chicken eggs before fasting ribu/15 kg Rp195, to $ 189 ribu/15kg. The price of chicken eggs is estimated traders will only increase Rp 1.000/kg during Lebaran. Will tetapu price of chicken meat instead of the previous increase Ro 20 thousand per piece is now a USD $ 25 thousand.
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