Medium-Grade Rice Prices Exceed the Highest Retail Price (HET) in 38 Provinces in February 2024
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The price of medium-grain rice across all Indonesian provinces exceeded the highest retail price (HET) on February 23, 2024.
This is evident from data released by the National Food Agency (Bapanas).
Bapanas sets a varying HET for medium-grain rice based on province, ranging from Rp9,450 to Rp10,250 per kilogram (kg).
However, on February 23, 2024, the average price of medium-grain rice at the retail level surged to Rp11,800 to Rp22,250 per kg.
The most expensive medium-grain rice was found in Papua Pegunungan, at Rp22,250 per kg. This retail price is approximately 117% higher than the local HET maximum of Rp10,250 per kg.
Meanwhile, the cheapest medium-grain rice was in South Papua, at Rp11,800 per kg. However, this is still 15% higher than the local HET of Rp10,250 per kg.
Traders selling rice above the HET are subject to sanctions. This is stipulated in Bapanas Regulation Number 7 of 2023, which includes the following articles:
* Article 3: Food business actors selling rice retail to consumers must adhere to the HET for rice.
* Article 4: Food business actors selling packaged retail rice to consumers must include (a) information on the HET for rice; and (b) other information as stipulated by law.
* Article 5: Food business actors violating Articles 3 and 4 will be subject to administrative sanctions according to the law.
"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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