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View all search resultsAuthorities and experts assure that the Indonesian rice reserve will last until the end of the year despite potential global inflation resulting from India’s export bans and El Niño, the latter of which will affect next year’s stock.
The rice production figure has been a source of policy and political debates in Indonesia for many years now. The disassociation between the development of rice prices in the market and production data happens all the time.
President Joko “Jokowi” Widodo on Thursday assured that rice stocks stored at state logistics company Bulog warehouses were adequate to meet demand in the coming months. The President stressed the importance of adequate rice stocks to prevent speculators from playing with the price.
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