Indonesia estimates January to February rice output to drop by 46%

Published 2024년 1월 3일

Tridge summary

Indonesia's rice output for January and February is estimated at 2.25 million metric tonnes, which is a 46.3% drop from the same period last year due to El Nino affecting harvests. The prolonged drought caused by El Nino is expected to reduce Indonesia's rice output by 2% in 2023, with planting for the main harvest season delayed. The country has set a target to produce 32 million tonnes of rice in 2024, and the rainy season has started, allowing for planting on 1.7 million hectares in January and 1.4 million hectares in February.

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Original content

JAKARTA (Jan 3): Indonesia's rice output in January and February this year is estimated at 2.25 million metric tonnes, agriculture ministry data showed on Wednesday, a 46.3% drop from the same period a year ago as El Nino hits harvests. A prolonged drought driven by the El Nino weather event is expected to reduce Indonesia's rice output by 2% in 2023, while planting for this year's main harvest season has been delayed. Indonesia's meteorological agency BMKG forecast El Nino would remain in early 2024 and gradually neutralise by April. January's rice harvest is expected to produce 930,000 tonnes, with February's estimated to produce 1.32 million tonnes, against monthly consumption of 2.54 million tonnes. "If we only rely on domestic production in January, it will be a deficit, however we have a carry over stock from December," agriculture ministry director Inti Pertiwi told a weekly coordination meeting on inflation. Data from Indonesia's National Food Agency (NFA) shows the ...

Source: Theedgemarkets