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Indonesia may import up to 4.3 mln tons of rice in 2024, official says

Indonesia might import up to 4.3 million tons of rice this year if domestic harvests fall short due to adverse weather. Current import plans are for 3.6 million tons, with actual needs dependent on weather impacts.

JAKARTA, July 22 (Reuters) -Indonesia could import up to 4.3 million tons of rice this year if the domestic harvest is insufficient, Sarwo Edhy, the secretary of the National Food Agency, said on Monday.

Indonesia, which imported 2.22 million tons of rice between January and May, currently plans to import 3.6 million tons of rice this year.

Any additional imports would only be needed if harvests were disrupted by drought, flood or pests, Sarwo said in a livestreamed briefing.

Indonesia’s statistics agency has estimated that rice output for January to August will be 9.52% lower than the same period in 2023.

A staple for most of Indonesia’s 270 million people, the domestic price of rice was almost 12% higher in June from a year earlier after crops were reduced by adverse weather.

Source Link : https://www.xm.com/research/markets/allNews/reuters/indonesia-may-import-up-to-43-mln-tons-of-rice-in-2024-official-says-53885284

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