{"id":7955,"date":"2023-09-12T09:12:44","date_gmt":"2023-09-12T09:12:44","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7955"},"modified":"2023-09-12T09:13:53","modified_gmt":"2023-09-12T09:13:53","slug":"rice-stock-sufficient-in-indonesia-amid-rising-prices","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/rice-stock-sufficient-in-indonesia-amid-rising-prices\/","title":{"rendered":"\u2018Rice stock sufficient in Indonesia amid rising prices\u2019"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"786\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-58.png\" alt=\"\" class=\"wp-image-7956\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-58.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-58-600x461.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-58-300x230.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-58-768x590.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>JAKARTA: President Joko Widodo on Monday said Indonesia has sufficient rice stock at home, seeking to allay concerns about supplies as prices of the staple hit multi-year highs due to periods of drought and low output.<\/strong><\/p>\n\n\n\n<p>Rice prices rose at the fastest pace in over a decade in August, even as the inflation rate remained relatively low. The average climbed as much as 16% from the same month a year earlier to 14,000 rupiah (91 US cents) per kilogram, the highest since at least March 2017, when records began, central bank data showed.<\/p>\n\n\n\n<p>Jokowi, as the president is popularly known, said Indonesia has 1.6 million metric tons of government-owned rice stock in warehouses, with another 400,000 tons of imported supply currently being shipped. \u201cNormally we only have 1.2 million tons, now we have 2 million tons. So we do not need to worry,\u201d Jokowi said after visiting a warehouse owned by state food procurement company Bulog in Bogor, near the capital Jakarta.<\/p>\n\n\n\n<p>The president launched an 8 trillion rupiah ($520 million) rice assistance programme from the warehouse, under which the government will hand out 640,000 tons of rice to 21.35 million low-income households over three months.<\/p>\n\n\n\n<p>Jokowi said the programme is aimed at shielding low-income households from rising rice prices. Rice is a staple for most of Indonesia\u2019s 270 million people and price movement is politically sensitive, especially ahead of elections due in February.<\/p>\n\n\n\n<p>Jokowi, who has just returned from the G20 leaders\u2019 summit in India, said he has been talking to countries including Cambodia, China and Bangladesh to seek a standby agreement for future import needs. Bulog typically imports from major sellers Thailand, Vietnam and India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JAKARTA: President Joko Widodo on Monday said Indonesia has sufficient rice stock at home, seeking to allay concerns about supplies as prices of the staple hit multi-year highs due to periods of drought and low output. Rice prices rose at the fastest pace in over a decade in August, even as the inflation rate remained [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[340,46,159],"class_list":["post-7955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pakistans-rice","tag-asian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Rice stock sufficient in Indonesia amid rising prices\u2019 - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Rice stock sufficient in Indonesia amid rising prices\u2019 - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"JAKARTA: President Joko Widodo on Monday said Indonesia has sufficient rice stock at home, seeking to allay concerns about supplies as prices of the staple hit multi-year highs due to periods of drought and low output. 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