TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Market intervention kicks off to control food prices

Stefani Ribka (The Jakarta Post)
Jakarta
Wed, May 17, 2017 Published on May. 17, 2017 Published on 2017-05-17T13:42:56+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Market intervention kicks off to control food prices Customers walk through a subsidized food bazaar operated by Jakarta-owned market operator PD Pasar Jaya in Glodok market in West Jakarta. (Antara/Aprilio Akbar)

A

head of the fasting month of Ramadhan, which begins on May 27, state logistics agency Bulog on Wednesday began to distribute staple foods to stabilize prices in markets as part of a two-week long market intervention program.

“Distribution will continue for two weeks across Indonesia,” said Bulog president director Djarot Kusumayakti during the launching of the program, called the “Food Stabilization Movement,” on Wednesday.

Bulog has stocked more than 2 million tons of rice, 320,000 tons of sugar, 207,000 liters of vegetable oil, 62 tons of garlic, 60 tons of shallots and 37,500 tons of meats—almost all of which is buffalo meat from India.

“More shallots and garlic will come from local and foreign farmers to fulfill the demand,” he said.

The staples will be sold to individuals in traditional markets at set prices, such as Rp 8,500 (63 US cents) for one kilogram of rice, Rp 12,500 for one kg sugar and Rp 38,000 for one kg of garlic.

The commodities can be bought from Bulog during market hours or through Bulog’s Rumah Pangan Kita partner shops set up across the archipelago.

Sellers looking to buy staples in bulk from Bulog can contact the agency for discounted prices. (bbn)

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.