The Jakarta Post
Just three months before the legislative and presidential elections, President Joko “Jokowi” Widodo, who is running for a second term, has stated that the prices of staple commodities will remain stable as he insisted that State Logistics Agency (Bulog) had a sufficient supply of rice.
He said on Thursday that Bulog’s rice stock in its warehouses, amounting to 2.1 million tons last December, was in a much better position compared with the 700,000-800,000 tons in previous years.
“This year’s rice stock is a multiple of those in previous years,” said Jokowi after visiting one of Bulog’s storage facilities in Kelapa Gading, North Jakarta.
Jokowi said adequate rice stocks would reassure the public that Bulog would be ready to intervene in the market during periods of price volatility, pointing to the fact that speculative trading usually occurred whenever t...