Paddy and rice prices in Indonesia to drop in November 2024, here's why

Reporter: Shifa Nur Fadila | Editor: Herlina Kartika Dewi KONTAN.CO.ID - JAKARTA. The Central Statistics Agency (BPS) noted that the price of unhusked rice and rice at the milling to retail levels fell in November 2024. Acting Head of BPS Amalia Adininggar Widyasanti said that the decline in the price of unhusked rice and rice in November 2024 was driven by the abundance of stocks in all national rice centers. Especially in Bali, Jambi and Sumatra, there was an increase in the stock of dry harvested unhusked rice (GKP) and dry milled rice (GKG). "In Bali, because there was an increase in stock where the harvest was taking place in Tabanan, while in Jambi there was a lot of unhusked rice stock at the mill," said Amalia in a Press Conference, Monday (2/12). Amalia said the average national rice price decline occurred in November 2024. "With the decline in the price of grain at the farmer level and the large stock, it triggered a decline in the price of rice at the mill and the ...