AreaIndonesia

Commodity GroupRice

CommodityAll

Date09/09/2016

Policy CategoryConsumption and marketing

Policy InstrumentConsumer prices

DescriptionEstablished reference prices for seven commodities to guide the state's market intervention schemes and stabilize prices. In the case of milled rice, the producer price floor was set at IDR 7 300 (USD 561 per tonne), while a ceiling of IDR 9 500 (USD 0.7 per kilo) would apply for consumer prices. The reference prices will be valid for four months.

NotesExchange rate as of 1 October 2016.