Indonesia: The culprit behind expensive rice prices revealed, Bapanas opens his voice

Published 2024년 2월 25일

Tridge summary

Rice prices in Indonesia have surged over the past couple of weeks, surpassing the government's maximum retail price. The National Food Agency attributes this to climate change-induced crop failures. The price of premium rice has dropped to IDR 15,870 per kg, while medium rice has increased to IDR 14,390 per kg. Grain prices have also risen due to the El Nino effect, higher land rent, and increased fertilizer costs stemming from the Ukraine conflict, with Harvested Dry Grain now at IDR 7,500 per kg and Milled Dry Grain ranging between IDR 8,200 and IDR 8,500 per kg.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Rice prices have continued to soar for at least the last 1-2 weeks, even breaking records several times. This happens not only with premium rice, but also medium rice. Based on Food Agency Price Panel data, on Sunday (25/2/2025) the price of premium rice fell by IDR 390 to IDR 15,870 per kg. Even though it has left its highest point, the price is still relatively high. Meanwhile, medium rice rose IDR 170 to IDR 14,390 per kg. This price has far exceeded the highest retail price (HET) set by the government. For information, based on National Food Agency Regulation No. 7/2023, the HET for rice effective from March 2023 is IDR. 10,900/kg medium, while premium rice is IDR 13,900/kg for Zone 1 which includes Java, Lampung, South Sumatra, Bali, NTB and Sulawesi. Meanwhile, the HET for rice in Zone 2 includes Sumatra apart from Lampung and South Sumatra, NTT and Kalimantan is set at IDR 11,500/kg medium and premium rice IDR 14,400/kg. Meanwhile in the 3rd zone ...

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