JAKARTA: Delayed harvests and dwindling supply have sent premium rice prices skyrocketing to a record high, the Indonesia Market Traders Association (IKAPPI) says.
The average price at the consumer level reached 18,000 rupiah (US$1.15) per kilogram last Friday, a 20 % year-on-year (y-o-y) increase from the 14,000 rupiah per kg recorded last year, IKAPPI said, adding that some of its constituent traders were unable to secure their usual quantities from producers.
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