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Indonesia Aims to
Buy 2.7 Million Tons of Rice from Farmers in First Half of 2016
Apr 18, 2016
Indonesia's state
logistics agency Bulog is planning to buy around 2.7 million tons of rice from
local farmers in the first half of 2016, Bloomberg quoted the agency's
President Director.
The official told
reporters that Bulog rice reserves stand at around 1.66 million tons as of
April 17, 2016.
Separately, the
country's Agriculture Ministry noted that it is expecting an output of around
30.5 million tons of paddy (around 19.5 million tons of milled rice) from the
2016 main (March-May) rice harvest.
Earlier this year, the
Director of procurement at the state logistics agency Bulog said that the
country may not import rice this year due to adequate stocks. He noted agency
is planning to buy about 3 million tons of rice from farmers between March to
May this year.
The government of Indonesia is
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Tuesday, April 19, 2016
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