Economic Analysis Series: TRADE AND INDUSTRY BRIEF, October 2022

Various parties have expressed concern that a global food crisis is likely to occur by the end of 2022 and persist until 2023. This threat emerges due to several factors, including: the protracted Russian invasion that affects Ukrainian food production and trade; the commitment and trust of various countries to support each other’s supply chains and food after the Covid-19 pandemic has not been fully recovered; and the unexpectedly low crop yields in some countries. All of these factors can affect Indonesia, both in terms of import supply reliability and rising food prices, which can be detrimental to the domestic economy.

This policy brief briefly discusses the potential threat of the global food crisis and the anticipation that Indonesia must take. This policy brief also examines Indonesia’s trade performance as of September 2022, which reported a $4.99 billionĀ surplus.

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