BANDAR SERI BEGAWAN: Amid global economic uncertainties and increased festive spending, the Department of Economic Planning and Statistics (JPES) at the Ministry of Finance and Economy continues to strengthen its price monitoring initiative to support informed purchasing decisions and promote fair and transparent market practices.
The weekly price monitoring initiative on selected food commodities is an ongoing effort to enhance price transparency and strengthen consumer confidence in the market. The initiative also aims to promote healthy competition among businesses, thereby contributing to more competitive prices in the market.
Food commodities monitored include whole chicken, eggs (grade B), shallots, garlic, ginger, chilli, and isi daging. Retail price lists for the selected food commodities are available on JPES’ website.
Price monitoring which covers supermarkets and selected retail shops across the country, provides a broad overview of price movement. In general, prices of selected food commodities remained stable in early 2026, with only moderate fluctuations.
However, there was a shortage of chicken supply and slight price increase for chilli towards the end of February through March, in line with changes in costs and supply in exporting countries, as well as pressures on the global supply chain.
Based on feedback from industry player, logistics costs are showing signs of increase, although their impact on domestic prices is not expected to be immediate.
If this trend continues, it may affect certain agricultural inputs such as fertilisers, which are closely linked to production costs in exporting countries. In response, the industry is also exploring local alternatives, including compost, to reduce reliance on imported inputs and to strengthen the resilience of the agricultural sector.
Nevertheless, the impact on Brunei Darussalam is expected to be more contained compared to other countries that are more exposed to rising energy costs. However, it requires continuous monitoring and preparedness, including the exploration of alternative sources to ensure the stability of the country’s food supply.
JPES advises retailers to continue conducting business responsibly and ethically. In the face of global economic uncertainties that may affect costs, any price adjustments should be reasonable, transparent, aligned with actual cost changes, and carefully managed to avoid excessive or inappropriate pricing practices. This is essential to safeguard consumer interests and maintain confidence in the market.
JPES encourages both businesses and consumers to play an active role in creating a transparent, fair, and well-informed market. In light of the current global economic challenges, it is also important to recognise that external factors can influence the domestic market; however, they should not be used to justify excessive or unethical actions.
Retailers are also advised to conduct business ethically and ensure that prices are displayed clearly and accurately to avoid misleading consumers.
Meanwhile, consumers are encouraged to stay informed about market developments, utilise available price information to compare prices, and make informed purchasing decisions.
JPES through the Department of Consumer Affairs remains committed to carrying out weekly price monitoring and observe market conditions, particularly for essential goods, to safeguard consumer interests. - Borneo Bulletin/ANN
