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The government recently announced what appeared to be encouraging news for the country’s rice sector: the introduction of a single-price policy for medium-grade rice to be implemented nationwide this year, after he hailed the achievement of self-sufficiency in rice production. While politically attractive, the promise of a uniform rice price across the archipelago warrants closer scrutiny, particularly over whether the price stabilization policy can be sustained without continued reliance on imports or a risk of added fiscal costs.

To equalize the price of rice between Java and eastern regions, the government plans to introduce a single maximum retail price (HET) modeled after the single-price policy for fuel. State Logistics Agency (Bulog) president director Ahmad Rizal Ramdhani has clarified that the scheme will apply only to rice distributed under the food supply and price stabilization (SPHP) program and excludes premium rice sold by private producers. Under this scheme, SPHP rice from Bulog warehouses will be distributed at Rp 11,000 per kilogram, with the single HET rate imposed on retail prices across regions.

Source : thejakartapost