Details of the Increased Retail Price of Medium-Grade Rice in 38 Provinces
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The Indonesian government, through the National Food Agency (Bapanas), has extended the relaxation or increase of the Highest Retail Price (HET) for rice until June 2024.
Initially, the government raised the HET for rice during the period of March 10-23, 2024. However, this policy was extended until April 2024, then again until the end of May 2024, and is now extended indefinitely.
"This extension of the rice HET relaxation is in effect until a new regulation regarding the HET in the form of the National Food Agency Regulation (Perbadan) as an amendment to Perbadan 7 of 2023 is issued," said Bapanas Head Arief Prasetyo Adi in a press release on Sunday (June 2, 2024).
Bapanas stated that the increase in the HET limit is a strategic step to ensure the stability of rice supply and prices in traditional and modern retail markets.
This is in line with President Joko Widodo's statement that the rice HET policy is adjusted to factors that shape and influence rice prices.
"The highest retail price is difficult to lower, even though the harvest season's production is abundant. This is because the cost of agro-inputs, farmer costs, land rent, principal, and labor have all increased," said President Jokowi, as reported by Bapanas (June 2, 2024).
In general, the current HET for medium-grain rice is Rp1,600 or Rp1,700 higher than the previous HET.
Details of the HET per province can be seen in the chart above.
"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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