JAKARTA - The Indonesian Meat Slaughterers and Traders Network (JAPPDI) predicts that beef prices will soar up to Rp. 200,000 per kilogram (kg) ahead of Eid al-Fitr or Lebaran 2022. This is because the price of meat at the upstream level has increased and the supply is limited.
Chairman of JAPPDI Asnawi said that beef prices have the potential to soar due to limited supply, both locally and imported. Moreover, the current price of imported beef has increased.
Furthermore, Asnawi said that the increase in beef prices was partly because Australia as a beef importing country was only able to import 40 percent to friendly countries, including Indonesia. This is because the growth of the cattle population has not been able to reach the maximum number caused by the fire 2 years ago.
"The position here is that importers buy with current conditions, which have experienced a very, very extraordinary increase. So that imports are also currently not reaching the target as expected. That's why we say supply is currently in a very minimal condition," he told VOI via text message, quoted on Sunday, April 10.
Asnawi said the price of live weighing cattle ready for slaughter in feedlots or farms rose to around Rp. 55,000 per kg to Rp. 59,000 per kg at this time. However, said Asnawi, the price of cattle ready for slaughter in the feedlot is predicted to continue to increase. It even reached IDR 57,000 to IDR 62,000 per kg ahead of Eid.
Meanwhile, the price of carcass at the abattoir level (RPH) also rose to around Rp. 110,000 to Rp. 114,000 per kg. So, said Asnawi, with this price, the price of beef at the retail level is in the range of Rp. 140,000 to Rp. 150,000 per kg. Thus, the cost of goods sold (HPP) at the retail level has reached the position of Rp. 148,886 per kg.
Asnawi said the increase in live weighing cattle at the feedlot level did not end here. It will even increase on the minimum day of D-5 Eid. When the live weight price increased to IDR 62,000 per kg and the carcass price was in the position of IDR 124,000 per kg. then the price of HPP at the retail level is Rp. 155,000 per kg.
"So our prediction is that at the time of Ramadan and Eid, this very minimal availability will (increase the price of beef) reach Rp. 160.00, maximum of Rp. 180,000 per kg. 000 and can reach Rp. 200,000," he explained.
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