AreaIndonesia

Commodity GroupGrains

CommodityMaize

Date01/09/2016

Policy CategoryConsumption and marketing

Policy InstrumentGovernment procurement

DescriptionSet the reference prices for a number of basic food items, including rice, maize and soybeans through a Ministerial Regulation. For each food item, two reference prices are set; a floor (minimum) price intended to protect farmers against sharp drops in market prices and a ceiling (maximum) price to protect consumers against exceptionally high prices. The reference prices are valid four months.