Indonesia: Pak Jokowi reports, today's rice prices explode

Published 2023년 3월 20일

Tridge summary

The article reports on the recent surge in rice prices in Indonesia, with the national average medium rice price rising to IDR 11,900 per kg, the highest since December 2022. Prices have continued to increase from the previous year and hit their highest this year in February 2023. The price hike is due to the government's decision to increase the highest retail price (HET) for rice and the Government Purchase Price (HPP) for grain and rice, a move aimed at protecting farmers and consumers. The article also highlights the disagreements and discussions among stakeholders, including the National Food Agency, farmers' unions, and an agricultural observer, regarding the price increases and the need to address rising costs in the sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The price of rice was observed to have increased again today, Monday (20/3/2023). The Food Agency's Price Panel shows that today's medium rice price rose to IDR 11,900 per kg (data at 15.31 WIB). Today's price surpasses the highest price in 2022 which was recorded at IDR 11,340 per kg last December. Since then, the price of rice has continued to climb until it scored its first highest level this year in February 2023, reaching IDR 11,770 per kg. These prices are the national average at the retailer level. What about at the producer level? At the farm level, the price of harvested dry unhusked rice (GKP) today has indeed risen by IDR 10 to IDR 5,230 per kg, while at the mill it is perched at IDR 5,570 per kg. The price for milled dry unhusked rice (GKG) at the mill is Rp. 6,170 per kg. Thus, the price of rice at the mill rose by IDR 30 to IDR 10,460 per kg. It's just that the prices of GKP, GKG, and rice at producers are currently lower than the average in ...

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