Indonesia’s Trade Minister Budi Santoso said that the Indonesian government is seeking to export eggs and chicken meat to Singapore and other countries as they experience a surplus in production.
The ministry is currently looking to find buyers, and will match them with the relevant local producers. The substantial surplus has also led to a drop in prices of eggs and chicken meat, to levels below government’s price ceiling (HET). Egg prices currently stand at Rp26,000 (approximately US$1.44) per kg, down from the HET of Rp30,000 (around US$1.66), while chicken meat prices have fallen from the HET of Rp40,000 (approximately US$2.21) per kg to Rp36,000 (US$1.99) per kg.
Apart from the production surplus, the suspension of the government”s Free Nutritious Meal (MBG) program has also reduced demand for eggs and chicken meat, contributing to the current oversupply in the market.
