REGULATIONS | JAKARTA- Rice price ceiling raised amid higher production costs

A farmer harvests rice with a machine in Renon, Denpasar, Bali, on March 9, 2023, as part of the Agriculture Ministry’s “great rice harvest from a million hectares of farms” , a nationwide campaign to boost domestic rice production.(Antara/Nyoman Hendra Wibowo)

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The National Food Agency (NFA) announced on Wednesday that the government had decided to increase the price ceiling (HET) of rice to allow for higher production costs.

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The latest increase will raise the price of the country’s medium and premium-quality rice to an average of Rp 11,400 (74 US cents) per kilogram and Rp 14,366 per kg, respectively.

This would mark around 8 and 15 percent price increases for medium and premium-quality rice, respectively, from the prevailing HET set in 2017.

Click to read: https://www.thejakartapost.com/business/2023/03/16/nfa-raises-price-ceiling-of-rice-amid-higher-production-costs.html.

Divya Karyza
(The Jakarta Post)
Jakarta
●   Thu, March 16, 2023

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