What is the price of molasses per kilogram/pound in Indonesia today?
The retail price range for Indonesia molasses is between US$ 1.45 and US$ 2.42 per kilogram or between US$ 0.66 and US$ 1.10 per pound(lb). Click here to see today's exact prices of molasses in Indonesia
The retail price range in Rupiah for molasses is between IDR 24,175.00 and IDR 40,291.67 per kilogram or between IDR 10,963.72 and IDR 18,272.86 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia molasses is between US$ 1.02 and US$ 1.69 per kilogram or between US$ 0.46 and US$ 0.77 per pound(lb).
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Indonesia Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Indonesia over the last five years has been relatively stable. In 2016, the price was 0.13 US$ per kg, and in 2017, it dropped to 0.12 US$ per kg. In 2019, the price increased to 0.13 US$ per kg, and in 2020, it rose to 0.18 US$ per kg. In 2021 and 2022, the price remained at 0.17 US$ per kg. Based on this data, it is likely that the export price of Molasses from Indonesia in 2023 will be around 0.17 US$ per kg, and in 2024, it will be around 0.17 US$ per kg.The molasses exports from Indonesia are categorised as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
Indonesia Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Indonesia over the last five years has been relatively stable. In 2016, the price was 0.13 US$ per kg, followed by 0.12 US$ per kg in 2017 and 2018. In 2019, the price increased to 0.13 US$ per kg, and then rose to 0.18 US$ per kg in 2020. The price then decreased to 0.17 US$ per kg in 2021 and 2022. Based on this trend, it is likely that the import price per kilogram of Molasses into Indonesia will remain at 0.17 US$ per kg in 2023 and 2024.Export values for Indonesia molasses
The total values in export for molasses in Indonesia were US$ 53,802, US$ 50,963, US$ 53,797 and US$ 84,170 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Indonesia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Asia: Kazakhstan molasses, Kyrgyzstan molasses, Tajikistan molasses, Turkmenistan molasses, Uzbekistan molasses, China molasses, Hong Kong molasses, Macao molasses, North Korea molasses & Mongolia molasses.
Indonesia molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia sold 643,418 tonnes of molasses. Through 2019 alone, the demand for Indonesia molasses (processed category) has escalated, recording a change of 26.067 per cent compared to the year 2018. Between 2017 and 2019, molasses' exports went up by 50.73% earning Indonesia US$84.17m for the year 2019. Indonesia's molasses exports are categorised as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
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Indonesia molasses export values
In 2019, Indonesia sold molasses valued at 84.17m USD, an improvement of 56.46% from 2018's total molasses export of 53.797m USD. The annual increase in value of Indonesia molasses between 2017 to 2018 was 5.561 pc.
The yearly change in the volume of Indonesia's molasses exports between 2017 and 2019 was 50.73 pc when compared to a variation of 26.067% in the growth rate between 2018 and 2019.
Export markets for Indonesia molasses ( in '000$ )
Indonesia's leading destinations for molasses are the Philippines, South Korea, Japan, Vietnam and Somalia.
Indonesia imported 95,173 tonnes of molasses in 2019.