Rice Prices Surge Throughout Q1 2024, Hitting a New Record High
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Based on data from the National Food Agency (Bapanas), rice prices in Indonesia increased throughout the first quarter of 2024.
From January to March of this year, price increases occurred for both premium and medium-quality rice, reaching new record highs as shown in the graph.
By March 2024, the average price of premium rice had reached Rp16,410 per kilogram (kg), a 3.2% increase compared to the previous month (month-on-month/mom), and a 21.3% increase compared to the same period last year (year-on-year/yoy).
During the same period, the average price of medium rice increased by 2.5% (mom) and surged by 20.6% (yoy) to Rp14,270 per kg.
Below is a list of the 10 provinces with the highest average premium rice prices on March 31, 2024:
1. Papua Pegunungan: Rp25,500 per kilogram
2. Papua Tengah: Rp24,260
3. North Maluku: Rp18,190
4. Papua: Rp18,130
5. East Kalimantan: Rp18,110
6. Southwest Papua: Rp18,090
7. West Papua: Rp18,000
8. South Papua: Rp18,000
9. Central Kalimantan: Rp17,830
10. Maluku: Rp17,830
Next is a list of the 10 provinces with the highest average medium rice prices on March 31, 2024:
1. Papua Pegunungan: Rp22,360 per kilogram
2. Papua Tengah: Rp18,000
3. East Kalimantan: Rp16,320
4. West Papua: Rp16,230
5. Southwest Papua: Rp15,820
6. Gorontalo: Rp15,780
7. North Maluku: Rp15,550
8. East Nusa Tenggara: Rp15,490
9. Papua: Rp15,300
10. West Sumatra: Rp15,290
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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