Medium-Grade Rice Prices Begin to Fall

31/05/2018 18:38 WIB

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The government's policy of maintaining imports helped to dampen domestic rice price volatility.

Prices of Medium I and II Quality Rice at PIHPS (January 3, 2017 - May 31, 2018)

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Medium-Grade Rice Prices Begin to Fall

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Prices of Medium I and II Quality Rice at PIHPS (January 3, 2017 - May 31, 2018)

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The government's policy to continue imports helped to curb domestic rice price volatility. Furthermore, the main rice harvest season in several regions also contributed to lower rice prices.

Data from the National Center for Strategic Food Price Information (PIHPS) recorded that the price of medium-quality I rice on May 31, 2018, was Rp 11,850/kg, down Rp 400/kg (3.27%) from its highest point this year on January 25 at Rp 12,250/kg. Similarly, the price of medium-quality II rice fell by Rp 500/kg (4.11%) to Rp 11,650/kg from its price on January 31 at Rp 12,150/kg.

Previously, rice prices had shown an upward trend since September 2018, coinciding with the implementation of the Highest Retail Price (HET) and dwindling stocks at rice distribution centers.

"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."