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INDONESIA RAISES RICE IMPORT DUTIES.

AsiaPulse News

| September 03, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, Sept 3 Asia Pulse - The Indonesian government will raise its rice import duty from Rp450 (US$0.05) per kg to Rp550 per kg after state-owned logistics agency (Perum Bulog) has completed its 2007 planned rice imports of 1.5 million tons.

"We adopt this policy in order to ensure that prices at home would not drop drastically or increase sharply. This policy is basically for price stabilization," Trade Minister Marie Pangestu said.

The minister said that the Rp100 increase was not expected to drag down rice prices at farmers level, neither would it do harm to Bulog.

The government also hoped that Bulog would use two instruments, namely market operation and import of ...

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Source: HighBeam Research, INDONESIA RAISES RICE IMPORT DUTIES.

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