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Yes, We Have No Bananas

Banana and Pork Prices Increase in Bali as Galungan Holidays Approaches

(8/24/2012) As Bali enters into the Galungan holiday season in combination with the ongoing dry season, the cost of some items associated with the festive season have skyrocketed by, in some case, ten times their normal price.

According to Radar Bali, the cost of bananas (pisang raja), and milk and some wood products have risen dramatically, Banana that normally sell for Rp. 50,000 a bunch can now cost between Rp. 150,000 and Rp. 300,000. Other, lesser types of bananas (pisang kepok) that normally sell for Rp. 40,000 are now selling for Rp. 65,000.

This increase in price was revealed Haji Masrur, a banana trader at Pasar Batu Kandik in Denpasar who said, “What’s more, for ‘pisang kayu bunga’ the increase in price is ten-fold; what once sold for Rp. 30,000 now sells for Rp. 300,000.” He also confirmed that the demand for bananas is very strong with supplies limited due to the current dry season.

Kusnaedo, another trader at the same market, manages to bring two trucks of banana from Java each day to Denpasar, representing an investment of Rp. 18 million (U$1.935) per truck. He is then able to sell each load for Rp. 40 million (US$4,300).

The current demand for bananas used in Galungan offerings is so strong in Bali’s capital that it is estimated that 30 trucks full of banana are sold each day before noon from the Pasar Batu Kandik market.

Demand for bananas at the market are expected to peak during the Galungan celebrations August 28-30, 2012.

Similarly, demands for pork have also risen dramatically as the Galungan holiday approaches. The Indonesian Pig Breeders Association (GUPI) in Bali have prepared between 900 and 3,000 pigs for market over the holiday period. A supply, insists GUPI, sufficient to meet any local demand for pork in Bali.

With the Galungan holiday at hand the price of pork in Bali is nearing Rp. 18,000 (US$1.94) per kilo, an increase from an earlier price nearer to Rp. 17,000 per kilo. Quality cuts of pork selling in city markets are now going for Rp. 20,000 (US$2.15) per kilogram.