Indonesia Poultry & Egg Market - INDONESIA - Broiler prices ended mixed; egg prices generally lower (week ended Aug 20, 2005), according to eFeedLink in their regular report on the Indonesian Poultry & Egg market.

Indonesia's economic growth appears to be slowing down. The Central Statistics Agency (BPS) reported that the economy had grown only 5.54 percent in the second quarter of the year compared with 6.19 percent in the first quarter and 6.67 percent in the fourth quarter of last year.

Despite the decline, Indonesian President Susilo Bambang Yudoyono expressed confidence that the country will reach its target of a 6.2 percent GDP growth, due in part to the expected revival of the global economy next year.

"This will boost our exports, while our consumption demand and investment momentum are also expected to remain strong," he said.

Broiler

In the poultry sector, higher demand had clearly impacted broiler prices in the Jabotabek area in the previous week. Farm-gate live broiler was traded at Rp 7,200/kg on Aug 20, up Rp 700 from the previous week.

In Surabaya (east Java), broiler prices also closed higher at Rp 7,300 on Aug 19, from a low of Rp 6,300/kg the previous week. The same upward price trend was also seen in Semarang (central Java) where broiler traded at Rp 7,500/kg in the week ending Aug 19, up Rp 1,200 from the previous week.

Some industry players said it was the need to stem further losses, rather that significantly higher demand, that had led farmers to raise broiler prices. Demand had risen only by a slight margin in the week, industry sources said.

In contrast, broiler traded at lower prices in some areas outside Java, like Kalimantan and Sulawesi. In Samarinda, the price of broiler was down Rp 700 to Rp 6,500. In Makassar, broiler prices fell from Rp 5,700/kg the previous week to Rp 5,000 for the week ending Aug 19.

Egg

Lower demand for eggs also impacted prices in egg producing areas, which fell in the week ending Aug 19.

In Blitar (east Java) egg prices fell to Rp 5,700/kg on Aug 18 before climbing Rp 300 to end at Rp 6,000/kg on Aug 19. In Palembang, eggs were traded at Rp 6,000/kg, a slight decline from Rp 6,500 the previous week.

In Jakarta and the surrounding areas (Jabotabek), the biggest market for poultry products, eggs traded at a lower price of Rp 6,600 to 6,800 compared with Rp 7,000 the previous week.

Despite the slight decline in egg prices, most traders remained optimistic as they said that a limited egg supply will help prop up prices in the near future.

Indonesia's broiler and egg, weekly transacted prices

Source: eFeedLink - 22nd August 2005