TheJakartaPost
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The government has opted to extend its in-kind rice aid program to June of next year, but a farmers’ association has warned that the policy could harm the farmgate price of the commodity, negatively affecting domestic producers.
President Joko “Jokowi” Widodo said Indonesia needed to import another 1.5 million tonnes of rice to anticipate a dwindling harvest due to the El Niño weather phenomenon, on top of the prevailing 2 million tonnes procured earlier this year.
Global rice prices rose to a 15-year high last week after top producer India's decision in July to ban exports of non-basmati rice, citing several factors including soaring domestic prices and "extreme climatic conditions".
While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India", the FAO said in a monthly report.
