AreaIndonesia

Commodity GroupRice

CommodityAll

Date07/08/2017

Policy CategoryProduction

Policy InstrumentGovernment procurement, purchasing prices

DescriptionAnnounced that the state enterprise, Bulog, had been allowed to pay up to IDR 4 070-8 030 per kg (USD 296-584 per tonne) for supplies purchased from the local market, 10 percent more than the applicable government purchase prices. The move is geared at enabling the agency to step-up local procurement during the 2017 offseason harvest, as higher market prices relative to government prices had slowed its pace of state purchases from the domestic market.

NotesExchange rate as of 1 October 2017.