The World’s Rice Makes Concern, Bulog Finds Stock in 5 Regions of RI News – 28 minutes ago

Jakarta, CNBC Indonesia – Head of the Operational Planning and Public Services Division of Perum Bulog Epi Sulandari said the final global rice stock in 2023 was the lowest compared to the last few years.

This prediction, he said, refers to the estimates of the US Department of Agriculture (USDA) which projects end-2023 stocks of 170.41 million tons. Lower by around 2 million tons compared to the stock at the end of the previous year.

This, he said, is because world rice consumption is greater than production. This condition, he said, caused rice prices in countries, including exporters, to increase.

“On the one hand, domestic production, based on the KSA (area survey framework) BPS, there are still areas that are a source of national rice supply,” Epi said during the 2023 Inflation Control Coordination Meeting, broadcast on the Ministry of Home Affairs’ YouTube account, Monday (21 /8/2023).

“That is, the 5 biggest in August are Central Java, East Java, West Java, South Sulawesi and South Sumatra. Meanwhile for September the biggest are South Sulawesi, West Java, East Java, Lampung and Central Java,” he explained.

Furthermore, he said, these areas will become the focus for Bulog to absorb and procure domestically produced rice/unhulled rice. In order to strengthen the government’s food reserves.

“Currently the position controlled by Bulog is 1.302 million tons. Of which 1.246 million tons is government rice reserves (CBP) which have been spread across Bulog warehouses,” he said.

That way, he continued, if needed to hold an SPHP, rice would be available in the regions. Including for the implementation of distribution of government food assistance.

“We will continue to strengthen government rice reserves to absorb domestic production. In August we have absorbed 24,252 tonnes,” he said.

“Importation has started to enter our warehouses. We are conducting a 3-stage tender. The realization of phase I has reached 100%, phase II has reached 235,710 tons, and phase III has 20,430 tons,” he said.

“For phase III, 58,543 tons are being unloaded and about 58,000 tons are being unloaded. The target is for August, all stock will have entered our warehouse,” said Epi.

Epi said Bulog manages sufficient CBP stocks to maintain the power of government intervention and reduce the potential for market price speculation on government stocks,” he concluded.

[Gambas:Video CNBC]

(dce/dce)