Indonesia curbs its rice exports
April 16th, 2008 | by Admin |Indonesia has imposed controls over rice exports as Asian states battle food supply concerns which have been caused by soaring global prices.
The country, South East Asia’s largest rice consumer, brought in the rules to stop farmers selling crops at export prices which were double local prices.
State agency Bulog can sell medium grade rice overseas only when national stocks are above three million tonnes.
Domestic prices will also have to be below a set government target price.
