Indonesia Sets Maximum Retail Price for Rice

30/08/2017,

The Government announced a price ceiling for rice will come into force from 1 September. The maximum retail price (MRP) for medium quality rice is set at IDR 9 450 (USD 0.71) per kg and for premium quality rice at IDR 12 800 (USD 0.96) per kg. These prices apply to rice-producing areas, while the MRP in other areas is higher as it includes transportation costs. The measure aims to keep inflation in check and protect consumers.

Country: Indonesia