JAKARTA: Indonesia plans to import up to 2 million tonnes of rice this year to ensure food security, an unexpected move that could soak up regional stockpiles and support prices, according to Trade Minister Gita Wirjawan.
The country had aimed to avoid rice imports this year after surprising markets by buying 1.9 million tonnes in 2011, but output from the world’s third-largest grower is again falling short of forecasts. – Reuters
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
