{
    "success": true,
    "data": {
        "id": 1675107,
        "msgid": "soaring-plastic-prices-will-the-government-provide-incentives-1776091857",
        "date": "2026-04-13 20:37:41",
        "title": "Soaring Plastic Prices: Will the Government Provide Incentives?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Global crude oil prices have surged due to the Middle East conflict, driving up naphtha costs and consequently plastic prices in Indonesia, which in turn increases prices for packaged goods and squeezes consumer spending and local manufacturers' margins. Coordinating Minister for the Economy Airlangga Hartarto stated that no incentives are planned for the plastic industry, advising it to follow market cycles, while Trade Minister Budi Santoso attributed the issue to disrupted imports from the Middle East and noted efforts to source alternatives from countries like India, the US, and Africa, though scaling up will take time. This situation highlights the vulnerability of Indonesia's import-dependent industries to international geopolitical tensions and underscores the need for diversified supply chains to mitigate economic pressures.",
        "content": "<p>Jakarta, CNBC Indonesia - Global crude oil prices soaring due to the\nwar in the Middle East are also impacting the prices of derivative\nproducts, which are becoming increasingly expensive, such as plastic raw\nmaterials, namely naphtha. The rising cost of naphtha is causing plastic\nprices to increase in the market. When plastic prices surge, food and\nother packaged goods automatically rise as well. In Indonesia, products\nwith plastic packaging are commonly found in public circulation. This\nsituation is naturally suppressing consumption and people\u2019s purchasing\npower. As a result, plastic factories in the country are also feeling\nthe pinch. They have to swallow a bitter pill because their margins are\npotentially becoming even narrower. When the industrial margin is\nsqueezed, the government has revealed that there are no plans for\nincentives for the plastic industry. This was stated by Coordinating\nMinister for the Economy Airlangga Hartarto. \u201cNot yet. Usually,\nindustries follow the cycles, just go along with it,\u201d Airlangga told the\nmedia at his office in Jakarta on Monday (13\/4\/2026). Meanwhile, Trade\nMinister Budi Santoso explained the root of the current sky-high plastic\nprices. \u201cSo, plastic, we import the raw materials for plastic pellets,\nwhich is naphtha, right? That\u2019s from the Middle East all this time.\nBecause of the war\u2019s impact, it\u2019s disrupted, so naturally from there,\u201d\nsaid Budi Santoso to the media at the Coordinating Ministry for the\nEconomy office in Jakarta on Monday (13\/4\/2026). Currently, Budi said\nthe government is seeking alternative raw materials from other countries\nsuch as India, the United States, and Africa. \u201cWe have indeed obtained\nsome, but the quantity or timing, it will also take time (to prepare),\u201d\nhe said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/soaring-plastic-prices-will-the-government-provide-incentives-1776091857",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}