Rice Prices Soar Ahead of 2023's End, Hitting a New Record High

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Adi Ahdiat 04/12/2023 13:50 WIB

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According to data from the Ministry of Trade, the average national prices of premium and medium-grade rice increased in November 2023, reaching a new record high.

Average Monthly Rice Prices in Indonesia (November 2018-November 2023)

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Rice Prices Soar Ahead of 2023's End, Hitting a New Record High

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Average Monthly Rice Prices in Indonesia (November 2018-November 2023)

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Based on data from the Ministry of Trade, the average national price of premium rice in November 2023 reached Rp15,117 per kilogram (kg).

This price increased by 0.4% compared to the previous month (month-on-month/mom), increased by 18.1% compared to the previous year (year-on-year/yoy), and became a new record high in the last five years.

Similarly, the average national price of medium-quality rice reached Rp13,600 per kg in November 2023.

The average price of medium rice increased by 0.4% month-on-month (mom), increased by 24.8% year-on-year (yoy), and reached its highest level since 2018, as shown in the graph.

At the provincial level, rice prices vary significantly, with many exceeding the national average.

Below is a list of the 10 provinces with the highest average premium rice prices in November 2023:

1. West Sumatra: Rp17,100 per kg
2. South Kalimantan: Rp17,039 per kg
3. Central Kalimantan: Rp16,798 per kg
4. North Maluku: Rp16,650 per kg
5. Maluku: Rp16,500 per kg
6. Papua: Rp16,368 per kg
7. West Kalimantan: Rp16,275 per kg
8. West Papua: Rp16,091 per kg
9. Riau: Rp15,911 per kg
10. North Kalimantan: Rp15,648 per kg

Here is a list of the 10 provinces with the highest average medium rice prices in November 2023:

1. West Sumatra: Rp15,266 per kg
2. West Papua: Rp14,964 per kg
3. Riau: Rp14,891 per kg
4. Papua: Rp14,850 per kg
5. Maluku: Rp14,605 per kg
6. Gorontalo: Rp14,543 per kg
7. South Kalimantan: Rp14,500 per kg
8. North Kalimantan: Rp14,500 per kg
9. West Kalimantan: Rp14,255 per kg
10. Central Kalimantan: Rp14,223 per kg

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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Rice Prices Soar Ahead of 2023's End, Hitting a New Record High

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