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

Ministry blames traders for rice price increase

Trade Minister Anggartiasto Lukita has blamed certain traders, who are accused of playing with the rice stocks, resulting the increase of rice price.

News Desk (The Jakarta Post)
Jakarta
Wed, January 10, 2018

Share This Article

Change Size

Ministry blames traders for rice price increase A worker carries a sack of rice at Cipinang Rice Wholesale Market in East Jakarta in an undated file photograph. (Antara/Makna Zaezar)

Trade Minister Anggartiasto Lukita has blamed the recent increase in rice prices on traders accused of controlling rice stocks.

“We have a food task force. We are tough against those who act suspiciously; we will not tolerate them,” Enggartiasto said on Tuesday while inspecting a rice warehouse owned by the National Logistics Agency (Bulog) in North Jakarta as quoted by kompas.com.

According to the National Strategic Food Prices Information Center (PIHPSN), the price of medium-quality rice reached Rp 14,100 (99 US cents) per kilogram on average, much higher than the price ceiling of Rp 9,450 per kg.

The highest price was found in West Papua at Rp 14,250 per kilogram, compared to the province’s price ceiling of Rp 10,250 per kg. The lowest price for rice, meanwhile, was found in West Nusa Tanggara (NTB), at Rp 9,740 per kg, which is still higher than the province’s price ceiling.

Enggartiasto remained upbeat that a planned “market operation” to maintain stable rice availability would push down prices.

“We will monitor [prices] in the coming days; they are expected to decrease,” he said, adding that the intervention would continue until prices fall below the price ceilings.

Previously, Bulog president director Djarot Kusumayakti said the agency had prepared 950,000 tons of rice for the market operation in 2018.

He said the market operation was held in cooperation with the Indonesian Rice Millers and Entrepreneurs Association (Perpadi).

“We met Perpadi yesterday [Tuesday] to discuss actions to lower rice prices,” he added. (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.