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.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
