Indonesian domestic market beef prices stuck at high levels

The Indonesian news media has conducted a running commentary on Lebaran or Idul Fitri in the country in relation to commodity prices and in particular to local market beef prices.

The local Jakarta market price trends are shown above. These are for beef hinds and the average price today was IDR 124 231 / kg. The quotes are obtained from the local reporting agency - Food Information Jakarta. Prices for beef items rose again today and this has caused commentary and complaints about policies and implementation by a range of government agencies. The average price of beef hinds converted at today's exchange rate of IDR9770 to AUD equates to AUD$12.71 per kg. Other beef average prices today were 117,073 kg. The upper end of this category was 130,000 kg.