Trade and markets
 

Detail

Area
Indonesia
Commodity Group
Rice
Commodity
All
Date
07/08/2017
Policy Category
Production
Policy Instrument
Government procurement, purchasing prices
Description
Announced that the state enterprise, Bulog, had been allowed to pay up to IDR 4 070–8 030 per kg (USD 296–584 per tonne) for supplies purchased from the local market, 10 percent more than the applicable government purchase prices. The move is geared at enabling the agency to step-up local procurement during the 2017 offseason harvest, as higher market prices relative to government prices had slowed its pace of state purchases from the domestic market.
Notes
Exchange rate as of 1 October 2017.