Rice Prices Continue to Rise, Bapanas: Production Deficit Exists
- A Small Font
- A Medium Font
- A Bigger Font
Based on data from the National Food Agency (Bapanas), rice prices in Indonesia have been steadily increasing over the past few months, affecting both premium and medium-quality rice.
In February 2024, the average price of premium rice reached Rp15,900 per kilogram (kg), a 5.2% increase month-on-month (mom) and a significant 18.6% year-on-year (yoy) jump.
During the same period, the average price of medium rice rose by 4.6% (mom) and surged by 18.4% (yoy) to Rp13,920 per kg.
The average national rice price in February 2024 reached a new record high, as shown in the graph.
According to the Head of Bapanas, Arief Prasetyo Adi, this price increase is due to rice production failing to meet national consumption needs.
"Why are rice prices high? Because for the past eight months, there has been a deficit between production and consumption," said Arief, as quoted from Antara news on Thursday (29/2/2024).
Amidst this situation, Arief stated that the government is continuously striving to strengthen rice stock reserves by prioritizing domestic production.
"Currently, in Kendal, Sragen, Demak, Indramayu, and Ogan Komering Ulu in South Sumatra, the harvest has begun, and the rice supply is increasing," said Arief.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data