AreaIndonesia

Commodity GroupRice

CommodityAll

Date03/06/2024

Policy CategoryProduction

Policy InstrumentGovernment procurement, purchasing prices

DescriptionRaised government purchase prices for wet paddy to IDR 6 000-6 100 per kg (USD 360-366 per tonne), up 19.6-20.0 percent from levels set in March 2023. For dry paddy, government purchase prices were raised by 17.5-17.7 percent to IDR 7 300-7 400 (USD 438-444 per tonne) and for milled rice in Bulog warehouses by 10.6 percent to IDR 11 000 per kg (USD 660 per tonne). The revised prices became effective on 5 June 2024.

NotesExchange rate as of 15 July 2024.