The Government's Cheap Market Spreads In 342 Locations, What's The Fate Of Traders?

Market illustration (photo: dock. intermediate)

JAKARTA - Head of the National Food Agency Arief Prasetyo Adi ensured that the presence of the national simultaneous cheap market movement in 342 locations would not interfere with food prices in the producer class to traders.

This cheap market was held simultaneously on June 26, 2023, at 342 location points spread across 301 regencies/cities in Indonesia. The activity was initiated by the National Food Agency (NFA) in collaboration with related Ministries/Institutions and associations.

"God willing, it's not (disturbing). Because the entrepreneurs, breeders, producers are happy if there is a standby buyer. So it's their job, the orders of the president of production," he told reporters, Monday, June 26.

Furthermore, Arief said that the Cheap Market Movement is a way for the government to collaborate with producers and traders to maintain the stabilization of food prices and also inflation.

"It is hoped that through a wide affordable food supply, people's needs will be met, purchasing power will be maintained, and inflation in June can be controlled and continue to decline again," he said.

Arief admitted that he deliberately launched this National Simultaneous GPM on D-3 before Eid al-Adha. Because, according to him, this is the ideal time for people to buy food needs, especially for holidays.

Furthermore, Arief said the food prices sold met the regulations that had been set, such as the Purchase/Sales Reference Price (HAP) and the Highest Retail Price (HET) that had been set.

"This is in accordance with the initial objective of implementing the GPM, which is to provide affordable food for the community," explained Arief.

For your information, this national simultaneous cheap market provides various basic food needs to sell at affordable prices or below market prices.

A number of these commodities include rice, chicken eggs, chilies, shallots, garlic, chicken meat, beef, sugar, cooking oil, as well as various vegetables and fruits.