Premium Rice Prices Exceed the Highest Retail Price (HET) in 38 Provinces in February 2024
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The price of premium 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 premium rice based on province, ranging from Rp12,800 to Rp13,600 per kilogram (kg).
However, on February 23, 2024, the average price of premium rice at the retail level surged to Rp14,600 to Rp27,810 per kg.
The most expensive premium rice was found in Central Papua, at Rp27,810 per kg. This retail price is approximately 104.5% higher than the local HET maximum of Rp13,600 per kg.
Meanwhile, the cheapest premium rice was in Aceh, at Rp14,600 per kg. However, this is still 10.2% higher than the local HET of Rp13,300 per kg.
Traders selling rice above the HET are subject to sanctions. This is stipulated in Bapanas Regulation Number 7 of 2023, which contains the following articles:
* Article 3: Food business actors, when 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 per applicable laws and regulations.
* Article 5: Food business actors violating Articles 3 and 4 will be subject to administrative sanctions according to applicable laws and regulations.
"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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