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Based on data from the National Food Agency (Bapanas), rice prices in Indonesia fell in May 2024, continuing a downward trend from the previous month.
In May 2024, the average price of premium rice reached Rp15,560 per kilogram (kg), down 2.7% compared to April 2024 (month-on-month/mom).
Over the same period, the average price of medium rice also fell by 2.2% (mom) to Rp13,500 per kg.
This price decrease coincides with a rice production surplus.
Bapanas Chairman Arief Prasetyo Adi stated that, based on the Central Statistics Agency (BPS) Area Sample Frame, national rice production during the January-July 2024 period is projected to reach 18.74 million tons, leaving a surplus of approximately 650,000 tons compared to consumption.
Arief also mentioned that the government's rice reserves (CBP) managed by Perum Bulog as of May 28, 2024, had reached 1.8 million tons, and the stock will continue to be increased.
"This is because we want to be able to overcome future challenges, such as during dry seasons or global food crises, by distributing CBP to assist the public through various programs," said Arief, as reported by Antara on Saturday (June 1, 2024).
"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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