A rally in egg prices in Indonesia to the highest in at least two years on lower supplies and good demand during the FIFA World Cup has prompted the government to intervene in the market.
The average retail price jumped 21 percent to about 29,000 rupiah ($2) per kilogram in Jakarta last week from a month earlier, according to data from the central bank-run Center for Information of Strategic Food Price. That’s the highest since at least July 2016, the earliest data compiled by the center. Average egg prices in Indonesia climbed 8 percent to 27,200 rupiah, the center’s figures show.
