"I have not seen the price update. I will check it whether there is a price hike," the minister remarked at the office of the coordinating minister for economic affairs on Thursday.
The minister of trade said he will contact distributors, importers, and sellers of soybeans to find the extent of the hike and the reasons behind the surge in prices.
Lukita remarked that distributors, importers, and sellers of soybean had vowed to not arbitrarily raise the prices through a currency exchange approach.
"They know their markets are tofu and tempeh traders," Lukita stated.
The trade minister noted that the weakening of the rupiah exchange rate affected soybean prices in the market. However, on the other hand, the existence of a trade war helped reduce the soybean prices.
"The price of soybean declines due to the limited market. However, there is a trade war," the minister added.
Reporting by Calvin Basuki
editing by Andi Abdussalam, Yoseph Haryadi
Reporter: Andi Abdussalam
Editor: Suharto
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