Global Rice News

Rewritten Article:

Indonesia President Joko Widodo announced on Friday that the government has taken steps to ensure an adequate rice supply for 2024 by securing import commitments from India and Thailand.

Amid Rising Prices, Indonesia Ensures Rice Stock is Sufficient

In order to address the issue of rising prices and maintain stability in the rice market, President Joko Widodo disclosed that the Indonesian food procurement agency, Bulog, has signed an initial agreement for the import of 1 million metric tons of rice from India. Additionally, the government has secured a commitment for 2 million tons of rice from Thailand.

This move highlights the Indonesian government’s proactive approach to ensure the country’s food security and stabilize rice prices. With these import commitments, Indonesia aims to meet the growing demand for rice and maintain a sufficient stockpile for the future.

Importing rice from India and Thailand not only strengthens the supply chain but also diversifies Indonesia’s sources of rice. This strategic move contributes to the country’s efforts to reduce dependence on a single supplier and enhance its food security.

It is important to note that Indonesia heavily relies on rice imports to meet its domestic demand. These import commitments from two leading rice-exporting nations will play a crucial role in maintaining a steady supply of rice and meeting the needs of the Indonesian population.

In conclusion, President Joko Widodo’s announcement regarding the import commitments from India and Thailand demonstrates the government’s proactive measures to ensure a sufficient rice supply for Indonesia amidst rising prices. By diversifying sources and securing a significant amount of rice, Indonesia is taking a crucial step towards achieving food security and stabilizing the rice market.

Source: [BRecorder](https://www.brecorder.com){:target=”_blank”}