Import, Export Commodity Prices Climbed Significantly in March 2022: BPS

Jakarta: Figures Indonesia (BPS) Head Margo Yuwono highlighted that the costs of export and import commodities in March 2022 expert a notable rise.
 
“For instance, the price tag of Indonesian crude oil (ICP) in the planet market rose to US$113.50 for every barrel in March 2022, up 18.59 percent as when compared to US$95.72 for every barrel in February 2022,” Yuwono stated during a virtual push meeting right here on Monday.
 
The ICP price also improved by 78.74 per cent as in comparison to that for the duration of the identical time period of the prior calendar year.

Price hikes also happened in other non-oil and gas commodities in March 2022, both on a month-on-thirty day period (Mom) or yr-on-calendar year (YoY) foundation.
 
In comparison with the previous thirty day period, commodities that experienced an raise were coal, nickel, palm oil, aluminum, gold, and copper, he pointed out.
 
“For non-oil and gasoline commodities, coal recorded a really important boost by 49.91 % this March,” Yuwono mentioned.
 
Additionally, nickel and palm oil also registered an maximize by 41.26 p.c and 16.72 percent respectively as in contrast to the earlier month.
 
On the other hand, several commodity rates that seasoned a decrease in March 2022 (Mother) comprised rubber, a 2.52-% drop tin, .08 percent and kernel oil, .05 per cent.
 
“Hence, the enhancement of commodity selling prices will have an impact on exports and imports in March 2022,” Yuwono said.
 
He mentioned that various commodities on the chart confirmed a quite sharp increase. Yuwono thinks this would also have an effect on Indonesia’s exports and imports. 

 

(WAH)