Various parties warn that there is a high possibility that a world food crisis will occur at the end of 2022 and is expected to continue until 2023
[1]. This threat is based on several factors, including: The length of the Russian invasion which affects Ukrainian food production and trade [2]; After the Covid-19 pandemic, the commitment and trust of various countries in the world to mutually support the world's food and supply chains has not fully recovered [3]; and Predictions of crop yields that do not match expectations in several countries. All of these factors can have an impact on Indonesia, both in terms of certainty of import supplies and increases in food prices which can burden the domestic economy.
This October edition of the Trade and Industry Brief discusses world food developments and the anticipation that Indonesia needs to make. This Trade and Industry Brief also discusses the performance of Indonesia's trade balance, which last September recorded a surplus of USD4,99 billion, which was the 29th consecutive month of surplus.
