Minister of Trade Lukita Will Lower Rice Price

By : Herry Barus And Aldi Firhand. A | Saturday, June 02 2018 - 21:45 IWST

Menteri Perdagangan RI, Enggartiasto Lukita
Menteri Perdagangan RI, Enggartiasto Lukita

INDUSTRY.co.id - Jakarta- Trade Minister Enggartiasto Lukita stated that it will lower the highest retail price (HET) of medium quality rice previously set at Rp9.450 per kilogram.

The plan will be implemented next week, said Minister of Trade in Jakarta, Friday (1/6/2018)

According to him, rice supply is now ready and HET rice will be lowered to Rp8.900 per kilogram in the government's efforts to make rice prices more affordable to the public.

"The decline in HET rice will certainly benefit consumers by not harming farmers and traders," Enggatiasto said in a written statement.

Enggartiasto added, the purchase of grain and rice farmers by Bulog Perum will still be done according to Government Purchase Price (HPP). While the traders will still have benefit from the sale, only the chain or distribution lines are shortened.

Previously the government established HET for medium and premium quality rice commodities, in an effort to maintain public purchasing power and control the inflation rate. The rule comes into effect on September 1, 2017.

Determination of HET of medium quality rice, for the Java, Lampung, South Sumatra, Bali, West Nusa Tenggara and Sulawesi for Rp9.450 per kilogram, and Rp12.800 for the premium type.

Sumatra region, excluding Lampung and South Sumatra, East Nusa Tenggara and Kalimantan for medium quality rice Rp9.950 and premium 13,300 per kilogram.

News Comment

Today's Industry

PT Surya Esa Perkasa Tbk. (ESSA: IJ)

Selasa, 26 September 2023 - 07:45 WIB

ESSA Secures Gas Contract Extension for LPG Refinery

PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…

(kiri-kanan) Cahyo (operations manager PT Eco Paper Indonesia), Kuswara ( Direktur ALDO), Herwanto Sutanto (Presdir ALDO), dan Herlambang Putra Sujadi (Direktur PT Eco Paper Indonesia)

Selasa, 26 September 2023 - 06:45 WIB

ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper Production

PT Alkindo Naratama Tbk (ALDO), a listed company engaged in the integrated paper and chemical business, plans to inject additional working capital of around IDR 40 billion into its subsidiary…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…