Indonesia plans to import 2 million tons of rice, an opportunity for Vietnamese businesses

Published 2023년 3월 28일

Tridge summary

The Indonesian government has announced plans to import around 2 million tons of rice by the end of 2023 in an effort to stabilize rising prices and support food for its people. This follows a successful initial import of 500,000 tons from December 2022. The rice will be used in the country's Food Supply and Price Stabilization Program and to support over 21 million families receiving government social aid. The decision to import comes as the national rice reserve has run low, with only about 220,000 tons available, and domestic rice prices continuing to rise. Vietnam and Thailand were the largest suppliers on the previous import.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Indonesian government has just decided that it can import about 2 million tons of rice this year, in order to stabilize prices and support food for people. Indonesia is a potential rice consumption market of Vietnam. Indonesian Trade Minister Zulkifli Hasan confirmed the information, about Indonesia's plan to import an additional 2 million tons of rice from now until December 2023, through the State Logistics Agency (Bulog). Previously, from December 2022, Indonesia started importing 500,000 tons of rice. The head of Indonesia's National Food Authority (Bapanas) Arief Prasetyo Adi said the extra rice imports could be used for Indonesia's Food Supply and Price Stabilization Program (SPHP), as well as supplement food support for more than 21 million families receiving the government's social aid program. The Indonesian government decided to support each family with 10 kg of rice from the end of March 2023 to May 2023, which means it needs to mobilize about 630,000 tons of rice. ...
Source: Vov

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