Indonesia: Exciting rare premium rice in modern retail, that's what Zulhas-Airlangga says

Published Feb 14, 2024

Tridge summary

Indonesia's Trade Minister, Zulkifli Hasan, has blamed slow planting and harvesting periods for the scarcity of premium rice in the market. In response, the government has increased monthly rice imports from 200,000 tons to 250,000 tons. The current price of rice at the farmer level is approximately IDR 11,000 per kilogram. Additionally, the Coordinating Minister for Economic Affairs, Airlangga Hartarto, confirmed that Bulog's rice stock is at 1.2 million tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Minister of Trade (Mendag) Zulkifli Hasan or who is familiarly called Zulhas has opened his voice regarding the scarcity of premium rice on the market. According to him, the scarcity of premium rice occurs because the planting and harvesting period is slow. "Regarding the rice shortage, we are indeed slow, the planting is slow, the harvest is slow," said Zulhas after voting at TPS 179, Jalan Cipinang Muara RT 02/ RW 016, Jatinegara, East Jakarta, Wednesday (14/2/2024). For this reason, he continued, the government is flooding the market with imported rice, but of course with calculations so that farmers do not suffer losses. "We have filled this with a lot of imports, but it doesn't harm farmers," he said. Zulhas explained that currently the price of rice at the farmer level is around IDR 11,000 per kilogram (Kg) and the price of grain is IDR 8,000. According to him, this figure is quite high "So that's very high. (So) to overcome these high prices, the ...

Source: Cnbcindonesia