FOOD COMMODITIES: The Soaring Price of Local Rice

The cost of rice is expected to persist at elevated levels, despite the government's plan to import 3 million tons this year to fulfill the nutritional requirements of the populace.

Dwi Rachmawati

10 Jan 2024 - 16.58
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FOOD COMMODITIES: The Soaring Price of Local Rice

Farmers dry their harvested grain in Cariu, Bogor Regency, West Java. - BID photo

Bisnis, JAKARTA—The cost of rice is expected to persist at elevated levels, despite the government's plan to import 3 million tons this year to fulfill the nutritional requirements of the populace.

Retailers have yet to observe indications of a decrease in rice prices since the start of the year. Conversely, prices of key food commodities have consistently risen since the beginning of the previous week.

According to data from the National Food Agency (Bapanas), the panel on food prices revealed that the average cost of medium rice nationwide on Tuesday (9/1) stood at IDR 13,240 per kilogram (kg), reflecting a 0.3% uptick from the January 2, 2024 figure of IDR 13,200 per kg.

Similarly, premium rice is currently priced at IDR 15,010 per kg nationally, compared to IDR 14,960 per kg on January 2, 2024.

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Editor: Fatkhul Maskur
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FOOD COMMODITIES: The Soaring Price of Local Rice

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