JAKARTA. In order to stabilize food price, government has just recently issued Trade Minister Regulation (Permendag) No 63 /2016 on food price standard. However, some traders claimed that the policy will not be effective in stabilizing the price if government does not involve stakeholders that directly involve in food commodities trade, like farmer and trader. General Chairman of Association of Indonesian Market Traders (Ikappi) Abdullah Mansuri said that policy on the standard of food commodities prices will harm the traders, on the grounds that the traders will be forced to sale the commodities at pegged prices. According to Abdullah, the traders will face difficulties in selling the food commodities at pegged prices due to long market chain. In addition to the market situation, the traders have to anticipate other risks, such as risk of decay and shrinkage. Furthermore, government will not allow the traders to do their business if they fail to follow the policy. “We protest that kind of policy”, Abdullah said on Wednesday (14/9).
Traders protest price standard policy
JAKARTA. In order to stabilize food price, government has just recently issued Trade Minister Regulation (Permendag) No 63 /2016 on food price standard. However, some traders claimed that the policy will not be effective in stabilizing the price if government does not involve stakeholders that directly involve in food commodities trade, like farmer and trader. General Chairman of Association of Indonesian Market Traders (Ikappi) Abdullah Mansuri said that policy on the standard of food commodities prices will harm the traders, on the grounds that the traders will be forced to sale the commodities at pegged prices. According to Abdullah, the traders will face difficulties in selling the food commodities at pegged prices due to long market chain. In addition to the market situation, the traders have to anticipate other risks, such as risk of decay and shrinkage. Furthermore, government will not allow the traders to do their business if they fail to follow the policy. “We protest that kind of policy”, Abdullah said on Wednesday (14/9).