Fri, 12/05/2008
Jakarta will have ample stocks of food over the Idul Adha Islamic holiday and Christmas and New Year period, the Jakarta Trade and Industry Agency says, urging consumers not to stockpile staple foods.
Such "panic buying" could increase prices and cause stock shortages, the agency's deputy head, Supeno, said on Friday.
(more)
According to agency data, rice stocks at traditional markets totaled some 100,619 tons (which it claimed was enough to supply Jakarta for 40 days), sugar 22,832 tons (50 days), beef and
chicken 31,114 tons (157 days), cooking oil 117,000 tons (289 days) and eggs 46,790 tons (83 days).
"During the New Year period, I don't believe there will be any significant price hikes on staple foods because people usually consume non rice-based products like biscuits," Supeno said.
On Dec. 4, rice was priced at between Rp 5,100 and Rp 6.100 per kilogram, sugar Rp 6,600 per kilogram, beef Rp 68,000, frozen beef Rp 52,000, broiler chicken Rp 20,000 and cooking oil Rp 7,000 per kilogram.
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