Indonesia: Rice prices starting to sign of falling, BPS reveals 2 main causes

Published 2024년 3월 18일

Tridge summary

Rice prices in Indonesia are stabilizing due to an increase in rice production in March and a decrease in areas experiencing price hikes, according to the Central Statistics Agency (BPS). The BPS also noted that the income from imported rice has remained stable. They predict that rice production will reach its peak in April, which will further contribute to the stabilization of prices.

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

Original content

Jakarta, CNBC Indonesia - Rice prices are starting to show signs of being stable or stable, no longer fluctuating and tending to rise like in February 2024. This can be seen from data from the Central Statistics Agency which shows a decrease in the number of districts/cities experiencing an increase in rice prices in the second week of March 2024. If in the fifth week of February 2024 the number of locations experiencing an increase in rice prices was 281 districts/cities, in the first week of March 2024 it decreased to 271 locations, then in the second week of March it fell again to 268 districts/cities. "The price of rice has started to flatten (flatten, evenly). If we look at the price of rice in the first week of March, IDR 15,956 (per kg) and now IDR 15,966. There is only a slight difference, this shows the difference. This shows flattening," said BPS Amalia Adininggar Widyasanti during the 2024 regional inflation control coordination meeting, Monday (18/4/2024). So what is ...

Source: Cnbcindonesia