Rice prices rise: Production and consumption have experienced a deficit in the last 8 months in Indonesia

REPUBLIKA.CO.ID, JAKARTA -- Head of the National Food Agency, Arief Prasetyo Adi, said that rice prices have fluctuated recently because production is experiencing depreciation. According to him, the disparity between national rice production and consumption has continued to experience a deficit in the last 8 months. "In the last 8 months, our production versus consumption of rice has experienced a deficit. Even though in 2023 we still have a surplus of 340 thousand tonnes, but then in January and February 2024, our production versus consumption was minus 2.8 million tonnes," said Arief in conclusion. accompanied President Joko Widodo to visit the Perum Bulog Paceda Warehouse, Bitung, North Sulawesi, quoted from the press release, Friday (23/2/2024). Arief said that the soaring price of rice was due to decreased production due to the impact of El Nino. This causes the price of rice to rise from the grain. This condition, said Arief, does not only occur in Indonesia but in various ...