Indonesia not import rice for third consecutive year
The State Logistics Agency (Bulog) of Indonesia on December 28 reported that the Southeast Asian nation did not import rice for the third year in a row.
Indonesia does not import rice for the third consecutive year. (Photo: https://en.tempo.co/)According to President and Director of Bulog Budi Waseso, the agency had purchased1.2 million tonnes of rice from local farmers until the end of 2021 to ensure the procurement of the government's rice reserve, so it is not necessary to buy reserve rice from abroad.
The domestic rice purchase is really helpful for Indonesian farmers who face difficulty in selling their rice during the COVID-19 pandemic and also helps maintain the government's achievement of not importing rice for the last three years, he said.
Budi cited the Statistics Indonesia (BPS)’s data, saying that the national rice production was predicted to reach 11.61 million tonnes in the first quarter of 2022.
Bulog will always be ready to purchase domestic rice in order to maintain price stability in the markets, he added.
Budi said other than adding stocks of the government's rice reserve, the absorption of unhusked rice from local farmers could drive the rural economy amid the COVID-19 pandemic.
Throughout 2021, Bulog had also maintained rice price stability at the consumer level by carrying out market operations dubbed KPSH (the availability of supply and price stabilization), he noted./.
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