Trade and markets
 

Detail

Area
Indonesia
Commodity Group
Rice
Commodity
All
Date
28/08/2017
Policy Category
Consumption and marketing
Policy Instrument
Price controls
Description
Set the maximum retail price (MRP) for medium quality rice at IDR 9 450-10 250 (USD 0.69-0.75) per kilo, depending on the various provinces. Price ceilings ranging from IDR 12 800 to 13 600 (USD 0.93-0.99) per kilo were instead set for premium qualities, while no ceiling would apply for specialty rice. The MRPs will be effective on 1 September 2017 and compare to a ceiling of IDR 9 500 (USD 0.69) per kilo that applied to all rice qualities between September 2016 and July 2017.
Notes
Exchange rate as of 1 October 2017.