Indonesian President Joko Widodo has said that the Government is increasing the rice supply in the domestic market to curb consumer prices affected by the rise in unhusked rice prices.
Hanoi (VNA) – Indonesian President Joko Widodo has said thatthe Government is increasing the rice supply in the domestic market to curbconsumer prices🦂 🌸affected by the rise in unhusked rice prices.
According to September datafrom Statistics Indonesia, the price of ready-to-mill dried unhusked ricereached 7,386 IDR, or 0.47 USD per kg, marking a 9.3% increase from theprevious month.
In tackling the increasingrice prices, he highlighted that the Government has distributed assistance of10kg of rice per month for each of the 21.3 million beneficiary families in thelast six months.
The distribution will continue u⛦ntil November toease the burden on people in nee✱d./.
Based on the estimated rice production data for 2023 from Indonesia’s Central Statistics Agency (BPS), the country is predicted to experience a rice shortage for nine months, said Director of Food Supply and Price Stabilisation of the National Food Agency (Bapanas) Maino Dwi Hartono.
Indonesia may procure another 500,000 tonnes of rice from abroad this year to fill up the diminishing government rice reserves, the Trade Ministry has said.
The Indonesian government has prepared a number of measures to deal with rising rice prices, which raises public concern in the Southeast Asian country.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
Illustrative image (Photo: AFP) 
