RNI Expects Food Reserves To Overcome Commodity Price Fluctuations

JAKARTA - PT Rajawali Nusantara Indonesia (Persero) or RNI as ID FOOD food holding hopes that in the future food reserves can be formed in order to overcome commodity price fluctuations.

"This is indeed a homework that we are discussing with the National Food Agency how in the future we can form a food reserve," said PT RNI President Director Frans Marganda Tambunan in Jakarta, quoted by Antara, Monday 22 August.

He said one example is the price of eggs and chicken, which, like other commodities, do not yet have production and price stability.

"For chickens and eggs we have a surplus, but there are always price fluctuations three or four times a year," he said.

In addition, food holdings also synergize with farmers so that the annual cycle in which food price fluctuations occur can be minimized.

The President Director of RNI saw that the fluctuations in food prices were indeed rooted in the absence of a complete integration from the upstream to downstream sectors, starting from animal feed producers to the downstream.

"Holding BUMN Food itself will enter there and there are several schemes that we have built, such as the warehouse receipt system that was developed," said Frans.

The warehouse receipt system aims when the price of chicken falls, the food holding can absorb it and then it will be released when the price has returned to normal.

Regarding the rising egg price, Frans said that it was a dilemma because of the issue of increasing social assistance so that the demand for eggs increased.

This is done by farmers in order to cover the cost of goods sold (HPP) when experiencing losses in previous seasons.

"I don't think this can be solved only by the Food Holdings themselves, but by collaborating with the Ministry of Agriculture and the National Food Agency to form an ecosystem to ensure price stability and productivity throughout the year," said Frans.