Govt increases rice price purchase

Thu, 02/23/2012 - 15:57

The government has increased the minimum price of rice it purchases from farmers to Rp 6,600 per kg from Rp 5,600 as cost of production factors have also increased, said Minister of Agriculture Suswono on Thursday.

Suswono said that President Susilo Bambang Yudhoyono has signed a decree on the price increase.  It will be used as the price reference for the State Logistics Agency or Bulog to buy rice from farmers, he added.

With the higher price level, Bulog is expected to be able to absorb more rice from farmers to increase its rice stock level. (rei)


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