Home |Sitemap |FAQs |Contact Us
Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Indonesia's Bulog to import 500,000 T of Rice until Feb 2023.
Dec 20, 2022

Indonesia food procurement agency Bulog will import a total 500,000 tonnes of rice between this month and February 2023, to top up government stocks and contain price rises in the staple food, the agency said on Friday.
 
Indonesia previously said it aimed to secure 1.2 million tonnes of rice stocks by year end. The government prefers to source the grain as much as possible from domestic farmers, though has had to look abroad after the main rice harvest period ended.
 
'In the last few months the rice price has sky-rocketed and Bulog's stock for market operations has decreased, so stocks from abroad are urgently needed to dampen increases in rice prices,' Trade minister Zulkifli Hasan said in a statement.
 
Bulog CEO Budi Waseso said 200,000 tonnes of rice will be delivered by the end of December, procured from Vietnam, Thailand, Pakistan and Myanmar. Bulog received the first shipment of 10,000 tonnes of rice from Vietnam on Friday.
 
Authorities have given Bulog an import quota of 500,000 tonnes of rice, and the rest of the rice imports will be delivered gradually until February next year before the main rice harvest is due to start.
 
'If necessary, this imported rice will be released to the market in the Christmas and New Year festivities' period, so that there will be no price fluctuations,' National Food Agency chief Arief Prasetyo Adi said in the statement.
 
Bulog helps the government stabilise rice prices by selling stocks at a lower price in the event of a price surge.
 
The National Food Agency warned that Bulog's rice reserves could drop to a 'dangerous' level of 342,000 tonnes by year end without new supply.
 
Indonesia's inflation remained above the central bank's target range for a sixth consecutive month in November, boosted by rising food prices.
    
agriculture.com

Archive
 

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007