AreaIndonesia

Commodity GroupRice

CommodityAll

Date13/10/2022

Policy CategoryProduction

Policy InstrumentGovernment procurement, purchasing prices

DescriptionIndicated that it was allowing the state-owned enterprise, Bulog, some flexibility as far as government purchase prices for rice until the end of November 2022, in order to allow it to step-up domestic procurement and refurbish public stockpiles to a desired level of 1.2–1.5 million tonnes by the close of 2022. For example, Bulog was said to pay IDR 8 800 per kg (USD 616 per tonne) for milled rice purchased at its warehouses, instead of the official price of IDR 8 300 per kg (USD 581 per tonne) set in March 2020.

NotesExchange rate as of 15 May 2023.