NFA: Farmers' welfare triggers increased production of rice in Indonesia

Market & Price Trends
Innovation & Technology
Published Feb 21, 2024

Tridge summary

Indonesia's National Food Agency (NFA) is actively monitoring the farmer exchange rate (NTP) in an effort to increase farmers' income and enhance agricultural productivity. The government's goal is to strike a balance between ensuring fair prices for farmers and maintaining affordable downstream prices for consumers. The NFA predicts that the rice harvest in March 2024 will surpass 3.5 million tonnes, satisfying national food requirements and leading to a decrease in market rice prices.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

REPUBLIKA.CO.ID, JAKARTA -- Head of the National Food Agency (Bapanas) or National Food Agency (NFA) Arief Prasetyo Adi stated that the government continues to monitor the farmer exchange rate (NTP) as an indicator of farmer welfare. By increasing NTP, it is hoped that it can increase farmers' income and encourage higher agricultural productivity. The government's task, he continued, is to balance. Continue to ensure good prices for farmers while ensuring downstream prices remain affordable to the public. "Because downstream there are 270 million Indonesians who really need rice at a good price," said Arief on the sidelines of attending the National Seminar on Research Results on Strengthening Agricultural Input Factors and Reforming Fertilizer Trading Systems for Food Security and Agricultural Business Sustainability in Jakarta, Tuesday. (20/2/2024). NFA estimates that the ...
Source: Republika
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