Early 2023 Sees Rice Prices Surge, Reaching Highest Point in 5 Years

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Adi Ahdiat 01/03/2023 15:30 WIB

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Based on data from the Ministry of Trade, rice prices in Indonesia have been steadily increasing since August 2022, reaching a record high in February 2023.

National Average Rice Price per Month (March 2018 - February 2023)

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Early 2023 Sees Rice Prices Surge, Reaching Highest Point in 5 Years

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National Average Rice Price per Month (March 2018 - February 2023)

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Based on data from the Ministry of Trade's Market and Basic Needs Monitoring System (SP2KP), rice prices in Indonesia have been steadily rising since August 2022 until the beginning of this year.

In February 2023, the national average price of premium rice reached Rp13,521 per kilogram (kg). This price is up 9% compared to February 2022 (year-on-year/yoy), marking the highest record in the last five years.

A similar increase occurred in medium-quality rice. In February 2023, the national average price of medium rice reached Rp11,706 per kg, a 12.5% increase (yoy), and the highest price since 2018.

Here are the 10 provinces with the highest average premium rice prices in February 2023:

1. West Sumatra: Rp16,358 per kg
2. Papua: Rp15,078 per kg
3. South Kalimantan: Rp15,075 per kg
4. Riau: Rp14,843 per kg
5. Central Kalimantan: Rp14,833 per kg
6. Maluku: Rp14,653 per kg
7. North Kalimantan: Rp14,470 per kg
8. West Kalimantan: Rp14,423 per kg
9. North Maluku: Rp14,380 per kg
10. West Papua: Rp14,023 per kg

Here are the 10 provinces with the highest average medium rice prices in February 2023:

1. West Sumatra: Rp14,058 per kg
2. South Kalimantan: Rp13,803 per kg
3. West Papua: Rp13,598 per kg
4. North Kalimantan: Rp13,165 per kg
5. Central Kalimantan: Rp12,988 per kg
6. Papua: Rp12,830 per kg
7. Maluku: Rp12,780 per kg
8. Riau: Rp12,608 per kg
9. Gorontalo: Rp12,500 per kg
10. North Sumatra: Rp12,075 per kg

The Indonesian Logistics Agency (Bulog) has ordered 500,000 tons of imported rice to control domestic prices. These imports have been arriving in Indonesia gradually since December 2022.

"We are doing this (rice import) nonstop, without interruption. We will continue to do so until rice prices reach a reasonable level," said Bulog President Director Budi Waseso, as reported by the Indonesia.go.id portal on Wednesday (February 15, 2023).

On the other hand, the governors of Indonesia's main rice-producing provinces, East Java and Central Java, claim that local rice supplies will increase with the arrival of the harvest season starting this month.

"Entering March, April, and May, East Java will have a major harvest," said East Java Governor Khofifah Indar Parawansa, as reported by the Indonesia.go.id portal on Wednesday (February 15, 2023).

Similar statements were made by Central Java Governor Ganjar Pranowo. "Central Java has started harvesting in February. The peak will be in March, April, and May," said Ganjar, as reported by the Indonesia.go.id portal on Wednesday (February 15, 2023).

Editor : Adi Ahdiat

"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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Early 2023 Sees Rice Prices Surge, Reaching Highest Point in 5 Years

Early 2023 Sees Rice Prices Surge, Reaching Highest Point in 5 Years

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Today's Food Prices (05/12) in Aceh: Onions Up, Red Chili Down

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