AreaIndonesia

Commodity GroupRice

CommodityAll

Date04/01/2023

Policy CategoryConsumption and marketing

Policy InstrumentMarket operations, Stock release, consumption prices

DescriptionInstructed the state-owned enterprise, Bulog, to implement the Rice Supply and Price Stabilization at the Consumer-Level Programme (Stabilisasi Pasokan dan Harga Pangan - SPHP - Beras di Tingkat Konsumen) throughout the country, from 4 January to 31 December 2023. With the aim of stabilizing domestic supplies and prices of rice through the use of government stockpiles, the scheme would see at least 1.2 million tonnes of rice distributed at warehouse sales prices ranging from INR 8 300 to 8 900 (USD 0.58-0.62) per kg depending on the various regions.

NotesExchange rate as of 15 May 2023.