Key insights and market outlook
Red chili prices have surged to record highs ahead of the Christmas and New Year holidays, with national average prices reaching Rp 73,633/kg, significantly above the government's reference price of Rp 40,000-57,000/kg. Regional variations show prices ranging from Rp 64,367/kg in North Sumatra to Rp 93,000/kg in DKI Jakarta.
The price of red chili has seen a significant increase as Christmas and New Year approach, with the national average reaching Rp 73,633/kg according to the National Food Agency's Price Panel data. This price is substantially higher than the government's reference selling price range of Rp 40,000 to Rp 57,000/kg.
Prices vary significantly across different regions in Indonesia. Some of the key regional prices include:
The price surge is attributed to various factors including supply chain disruptions and increased demand during the holiday season. The significant deviation from the government's reference price indicates potential inflationary pressures on food prices during the festive period.
Red Chili Price Surge
Holiday Season Demand Increase