New regulation on rice price ceilings to be applied starting Sept. 1

The Trade Ministry announced on Thursday that the government will start enforcing a new regulation on rice price ceilings on Sept. 1.

Unlike an-already-revoked regulation that only classified rice into one type as ‘medium,’ the new regulation classifies rice into three types: ‘medium,’ ‘premium’ and ‘specialty’. The price ceilings apply to the first two categories only.

The price ceiling for medium rice or bulk rice usually white in color and found in traditional markets with 14 percent maximum water rate and 25 percent broken rice rate is Rp 9,450 (70 US Cents) per kg in all provinces of Java, Lampung and South Sumatra in Sumatra, Bali, West Nusa Tenggara and Sulawesi; Rp 9,950 per kg in the rest of Sumatra’s provinces, East Nusa Tenggara and Kalimantan; and Rp 10,250 in Maluku and Papua.

The price ceiling for premium rice or those usually semi-transparent in color found in bulk or packaged with 14 percent maximum water rate and 15 percent broken rice rate is Rp 12,800 per kg in all provinces in Java, Lampung, South Sumatra, Bali, West Nusa Tenggara and Sulawesi; Rp 13,300 per kg in the rest of Sumatra, East Nusa Tenggara and Kalimantan; and Rp 13,600 in Maluku and Papua.

Specialty rice includes organic, Thai, basmati, Japonica and others.

“The regulation for this will be out today and will be applied as of Sept. 1,” Minister Enggartiasto “Enggar” Lukita told a press conference after meeting with businesspeople and governmental institutions.

Previously, Enggar revoked the old regulation after it was protested by rice traders and distributors

http://www.thejakartapost.com/news/2017/08/24/new-regulation-on-rice-price-ceilings-to-be-applied-starting-sept-1.html

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