The state planning agency National Economic and Development Authority (Neda) expects a steady easing of food prices up to the end of this year given enough supply of rice, chicken, fish and, boosted by the influx of pork imports, meat.
Following above-target inflation at the start of the year mainly due to expensive food —especially pork, no thanks to supply constraints caused by the African swine fever (ASF) crisis, Neda said in its latest inflation report that “most food commodities are expected to remain sufficient in 2021.”
In the case of rice, Neda said its estimates showed stock levels would reach 2.99 million metric tons, equivalent to 80 days of national consumption, by y…
Keep on reading: Neda: Food supply sufficient