Trade and markets
 

Detail

Area
Indonesia
Commodity Group
Grains
Commodity
Maize
Date
01/09/2016
Policy Category
Consumption and marketing
Policy Instrument
Government procurement
Description
Set the reference prices for a number of basic food items, including rice, maize and soybeans through a Ministerial Regulation. For each food item, two reference prices are set; a floor (minimum) price intended to protect farmers against sharp drops in market prices and a ceiling (maximum) price to protect consumers against exceptionally high prices. The reference prices are valid four months.