KPPU: Rice Price Increases Because Harvest Decreases

By : Herry Barus And Aldo Bella Putra | Wednesday, January 17 2018 - 22:00 IWST

Panen Padi (Foto Dok Industry.co.id)
Panen Padi (Foto Dok Industry.co.id)

INDUSTRY.co.id - Surabaya - Commission of Business Competition Supervisory Office (KPPU) of Surabaya Regional Representative assessed the increase of rice price observed in some markets caused by the declining harvest of rice farmers.

KPPU Surabaya along with a number of related agencies held an inspection in several markets in Surabaya on Tuesday (16/1/2018) and found the price of rice ranged from 11 to 13 thousand rupiah per kilogram, which means an increase between 1,000 - 2,000 rupiah per kilogram.

"Indeed at the moment along with the decline in the harvest, so the supply becomes more reduced than before, which causes the price to rise in the market," said Head of KPPU Surabaya Dendy Rakhmad Sutrisno to the media crew on the sidelines held an inspection.

He explained that currently most rice farmers are still in the growing season so that the supply in the market is reduced which in turn triggers the rice price increase.

To anticipate the increasing price of rice in the market, KPPU Surbaya supports the Ministry of Trade through the Public Corporation of Logistic Affairs Agency (Bulog) to conduct market operation of special medium rice, and also to supply rice to Bulog's traders.

"The steps taken by Bulog are very much expected to be a counterweight to rising prices," he said.

KPPU Surabaya held a joint inspection of the Department of Industry and Trade, East Java Regional Food Police Unit, Bulog Divre of East Java, and Surabaya Surya Market.

In the inspection, the price of Bulog rice is still stable at around Rp9 thousand per kilogram.

According to Dendy, the inspection of basic necessities is always routine when there is scarcity or price increase.

"Actually this is not the first inspection, KPPU Surabaya, the National Police's Food Task Force, as well as some related stakeholders (stakeholders) have routinely conducted such supervision," he said.

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…