Rice Prices Begin to Fall in Early Q2 2024

Agroindustry

Adi Ahdiat 03/05/2024 11:42 WIB

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National Average Rice Price per Month (January 2023-April 2024)*

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Based on data from the National Food Agency (Bapanas), rice prices in Indonesia began to decline at the beginning of the second quarter of 2024.

In April 2024, the average price of premium rice reached Rp15,990 per kilogram (kg), down 2.6% compared to the previous month (month-on-month/mom).

The average price of medium rice then fell by 3.2% (mom) to Rp13,810 per kg.

However, the average price of rice in April 2024 was still higher than a year earlier.

Compared to April 2023, the average price of premium rice in April this year was 17.4% higher (year-on-year/yoy), and medium rice was 16% more expensive (yoy).

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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