Cooking oil and beef prices rise in Indonesia

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.

Bank Indonesia (BI) through the National Strategic Food Price Information Center (PIHPS) released data on strategic food commodity prices on March 3, 2026. Bulk cooking oil prices reached Rp19.100 per liter, up Rp50 per liter from previous levels. Meanwhile, branded packaged cooking oil type I sold for Rp22.950 per liter and type II for Rp22.100 per liter.

For beef, quality I reached Rp144.500 per kg with a Rp100 per kg increase, while quality II stood at Rp136.850 per kg, up Rp250 per kg. Chicken meat prices remained stable at Rp37.900 per kg. Red onions were Rp47.650 per kg, red cayenne peppers Rp68.550 per kg, and garlic Rp43.600 per kg.

Rice prices varied: lower quality I at Rp14.600 per kg, lower quality II at Rp14.500 per kg, medium I at Rp15.750 per kg, medium II at Rp15.850 per kg, super I at Rp17.150 per kg, and super II at Rp16.900 per kg. Large red chilies were Rp40.200 per kg, curly red chilies Rp40.350 per kg, and green cayenne peppers Rp37.850 per kg.

Other commodities included premium white sugar at Rp22.000 per kg, local white sugar at Rp19.200 per kg, and chicken eggs at Rp33.900 per kg. The data comes from national monitoring to track food price stability ahead of the approaching Ramadan season. BI emphasizes the need for oversight to ensure availability and affordable prices for the public.

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Illustration depicting surging oil prices over 115 USD due to Middle East conflict, with economic impacts on Indonesia including rupiah weakening.
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Global oil prices surpass 115 USD due to Middle East conflict

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Global crude oil prices have surpassed 115 USD per barrel, triggered by escalation in the Iran-AS-Israel war and Houthi threats. Economists warn of fiscal risks for Indonesia, including rupiah weakening to Rp17,002 per USD and potential APBN deficit. Pertamina denies rumors of non-subsidy fuel price hikes starting April 1, 2026.

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.

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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.

Ripoti ya hivi karibuni ya Shirika la Taifa la Takwimu la Kenya (KNBS) inaonyesha kuwa mfumuko wa bei umefikia asilimia 4.5 kwa mwaka, na bei za chakula zikipanda asilimia 7.8. Bidhaa za kila siku kama unga wa mahindi na sukuma wiki zinatarajiwa kuwa ghali zaidi Januari 2026. Baadhi ya misaada inatoka kwa kupungua kwa bei za sukari na umeme.

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Agriculture Minister Andi Amran Sulaiman assured that government rice reserves managed by Perum Bulog remain stable at 4.5 million tons despite Middle East tensions. The statement came during a visit to Bulog Panaikang Warehouse in Makassar, South Sulawesi, on April 5, 2026. He emphasized that national food security is secure.

Fuel prices in the Philippines are set to surge next week due to escalating tensions in the Middle East, according to the Department of Energy. Minimum increases are estimated at P19 per liter for diesel, P9 for gasoline, and P31 for kerosene, though diesel could reach P90 per liter without staggered hikes. The DOE has warned against hoarding and price manipulation.

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