Horee Indonesia got rice surplus, But dont hurry to export
March 26th, 2008 | by Admin |The government is committed to keeping the rice price stable at between Rp4,750 and Rp6,000 per kg so that it will not burden the people, Trade Minister Mari Elka Pangestus said.
“The rice price in the world market is relatively high but as long as the price at home is maintained at a stable level and we have enough in stock, we will remain secure,” the minister said at a discussion on the influence of the slowing global economy on the country`s economic and investment prospects here on Wednesday.
The increases in food staff prices had happened because of increased demand in the world market while supply was limited, the minister said.
Moreover, rice exporting countries like Vietnam had imposed taxes on rice exports to secure their own need for the commodity, she said.
“The rice price at home is slightly lower than in the world market and we will continue to monitor this condition,” she said.
The price of Philippine rice in the world market last week rose to US$618.5 - US$745 per ton while that of Thai rice ranged between US$530 and US$550 per ton. The prices did not yet include transportation costs.
It was meanwhile feared that the high prices in the world market would push up the rice price at home although the government intends to keep it at between Rp4,750 and Rp6,000 per kg.
I got this news from antara, o this good news, right. But dont take risk to export ya om.
