Beef prices in Jakarta hit Rp 160,000 per kg

Beef prices at Pasar Tomang Barat in West Jakarta reached Rp 160,000 per kilogram three days before Eid al-Fitr, up from Rp 140,000 previously. Trader Adi said the increase started a week earlier, though buyer numbers have dropped compared to last year.

Jakarta – Beef prices have continued rising ahead of Eid al-Fitr. On Wednesday, March 18, 2026, at Pasar Tomang Barat in Grogol Petamburan, West Jakarta, beef reached Rp 160,000 per kilogram three days before the holiday. This marks an increase from previous levels of Rp 140,000 to Rp 150,000 per kilogram, according to trader Adi (37). The rise began a week earlier, with nearly all cuts, including thigh and shank, now priced uniformly at Rp 160,000 per kilogram. > “For now, beef prices have hit Rp 160,000 per kilogram. That's been the case since H-7 Lebaran,” Adi said. Adi noted fewer buyers compared to last Eid, likely due to the higher prices. Last year, prices stood at Rp 150,000 per kilogram, seen as more affordable and drawing more customers. He typically sells around 150 kilograms daily, but numbers are down this time. Supply remains secure from Rumah Potong Hewan (RPH) Cakung, managed by Perumda Dharma Jaya under the DKI Jakarta provincial government. Adi expects a surge in buyers on H-2 to H-1, though not as busy as in previous years. > “Compared to last year, buyers are slightly down. Maybe because prices are quite high now,” he explained.

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Illustration depicting Middle East conflict-induced oil price surge weakening Indonesia's rupiah and stocks, amid government fuel price stability pledge.
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Middle East conflict triggers oil price surge and economic pressure on Indonesia

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Escalation of conflict between the US, Israel, and Iran in the Middle East has driven global oil prices above US$100 per barrel, weakening the rupiah to Rp17,000 and sharply dropping the IHSG. The Indonesian government asserts the domestic economy remains in expansion despite risks of inflation and layoffs. Energy Minister Bahlil Lahadalia guarantees no increase in subsidized fuel prices until Eid.

Bank Indonesia through the National Strategic Food Price Information Center reports a Rp50 per liter increase in bulk cooking oil prices to Rp19.100 per liter. Beef prices for quality I rose Rp100 per kg to Rp144.500 per kg, while quality II increased Rp250 per kg to Rp136.850 per kg. The report covers various other strategic food commodities as of March 3, 2026.

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Red bird's eye chili prices in Pasar Minggu, South Jakarta, reached Rp140,000 per kilogram over the last two days, up from Rp90,000 to Rp100,000. The surge is due to the rainy season disrupting supply, while the government plans to coordinate with businesses to stabilize prices ahead of Lebaran.

Polri Traffic Corps Chief Irjen Agus Suryonugroho forecasts peak Eid al-Fitr homecoming traffic on the night of March 18, 2026, with approximately 250,000 vehicles on toll roads and major arteries. Traffic remains dense but fluid, according to field observations amid implemented government traffic measures.

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China's live pig prices have plunged to their lowest in nearly eight years, averaging 11.05 yuan (US$1.60) per kilogram during the third week of March, due to a supply glut from huge industrial farms and a post-holiday drop in consumption. Data from China's Ministry of Agriculture and Rural Affairs shows a 2.9 per cent weekly decline and 28 per cent year-on-year fall. Pork prices also fell to 22 yuan per kilogram last week.

PT Jasa Marga recorded a record Lebaran 2026 mudik traffic peak of 270,315 vehicles on March 18, H-3 Lebaran. This marked a 98.3% increase from normal levels and 4.6% from the previous year. A total of 1.48 million vehicles left Jabodetabek from H-10 to H-3.

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The rupiah exchange rate weakened toward Rp 17,000 per US dollar on January 21, 2026, driven by global and domestic pressures. Economist Josua Pardede stressed the need for fiscal policy certainty to restore market confidence. Meanwhile, the IHSG opened lower amid rising external risks.

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