Stable Food and Energy Stocks Amid Global Turmoil

Rendy Andriyanto
Rendy Andriyanto
Reviewed by Gotrade Internal Analyst
Stable Food and Energy Stocks Amid Global Turmoil

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Gotrade News - The Indonesian government assures the national stocks of food and energy remain secure despite escalating geopolitical tensions, particularly in the Middle East. Aries Marsudiyanto, the Head of the Development Control and Special Investigations Agency, stated that the national economy remains stable amid global uncertainty. This reflects the anticipatory measures taken against the impact of conflicts in the region.

Cross-ministerial coordination steps have been implemented to maintain national stability. Aries emphasized that the president has gathered relevant ministers to monitor the global situation and ensure conducive policies for the economy. Safeguarding food and energy stocks is a priority to ensure national resilience amid the Middle East conflict.

On the other hand, the conflict between Iran and the United States is affecting global oil prices, resulting in increased product prices for domestic SMEs. This is because the SMEs' transportation and distribution sectors are heavily reliant on fuel. Temmy Satya Permana, Deputy for Small Business at the Ministry of SMEs, highlighted the importance of maintaining the domestic market to counter these effects.

Global oil prices have surged to USD117 per barrel, exceeding the 2026 state budget assumption of USD70 per barrel. The government is committed to keeping subsidized fuel prices from rising for the time being, providing stability for SMEs. However, the government needs to evaluate potential state budget adjustments due to global oil price volatility.

Finance Minister Purbaya Yudhi Sadewa emphasized that there are currently no changes to fuel subsidy policies. Further evaluation is necessary to understand the impact of rising oil prices on the state budget. This response is crucial for preserving national economic stability in the face of global threats.

Furthermore, the government is preparing security measures for the upcoming Eid holiday exodus. These efforts are essential to ensure safe travel for citizens amid global instability. Aries hopes for a de-escalation in geopolitical tensions so that regional stability and the global economy can recover.

Despite the ongoing global challenges, Indonesia is striving to ensure that the national economy remains resilient. The government's anticipatory measures and coordinated response are crucial in mitigating the impact of geopolitical conflicts on the economy and society.


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