Indonesia’s Purchase of Approximately 300,000 Tons of Rice in Tender
Published on: March 27, 2024.
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Indonesian state purchasing agency Bulog is reported to have acquired approximately 300,000 metric tons of rice in an international tender earlier this week, according to European traders. The traders estimate that 117,000 tons of rice will be sourced from Thailand, while another 108,000 tons will come from Vietnam. The remaining rice will be sourced from Pakistan and Myanmar.
The lowest price offered in the tender was $609.00 per ton cost and freight (c&f) for 21,000 tons from Vietnam, in line with previous offers. The rice is expected to arrive in Indonesia by May 31.
The Indonesian government has been increasing rice imports in an attempt to control local prices, which have risen by more than 16% since last year due to the impact of the El Nino weather phenomenon. The severe reduction in rainfall across Asia in 2023 has led to a decrease in rice output and subsequent food inflation.
In the first half of 2024, Indonesia is anticipated to have a domestic rice surplus of 1.7 million tons, compared to 3.36 million tons last year, according to an official from the Indonesian agriculture ministry.
The rice purchased in Bulog’s tender will be delivered in various sizes and consignments. The following awards were made in the tender:
- 25,000 tons from Thailand at $616.00 per ton c&f, sold by R&S Trader
- 26,000 tons from Thailand at $617.00 per ton c&f, sold by Ponglarp
- 26,000 tons from Thailand at $611.50 per ton c&f, sold by Thai Capital Crops
- 30,000 tons from Vietnam at $615.00 per ton c&f, sold by King Green
- 31,000 tons from Vietnam at $613.00 per ton c&f, sold by GIA
- 26,000 tons from Vietnam at $616.00 per ton c&f, sold by Vinafood
- 25,000 tons from Pakistan at $623.00 per ton c&f, sold by KK Rice Mills
- 25,000 tons from Myanmar at $626.00 per ton c&f, sold by Riceland
- 25,000 tons from Pakistan at $623.00 per ton c&f, sold by Bulk Management
- 20,000 tons from Thailand at $611.50 per ton c&f, sold by Olam
- 20,000 tons from Thailand at $611.50 per ton c&f, sold by Olam
- 21,000 tons from Vietnam at $609.00 per ton c&f, sold by Olam
It is preferred that the rice is packed in bags, but shipment via breakbulk ship is preferred over shipping containers.
- Rice exporters: Has Rice
- Pakistan rice exporters: Pakistan Rice
- White broken rice: Broken Rice
- Pakistan rice: Pakistan Rice
- Rice suppliers: Has Rice
- Rice exporters from Pakistan: Has Rice
- 25% broken rice: White Rice, 25% Broken
- Pakistan rice supplier: Has Rice
- Pakistan rice companies: Has Rice
- Rice mills in Pakistan: Has Rice
- Rice business in Pakistan: Has Rice
- Rice suppliers Pakistan: Pakistan Rice
- Pakistani rice prices: Pakistan Rice Prices
- Irri 6 rice price: Pakistan Rice Prices
- Basmati rice price list: Pakistan Rice Prices
- Rice export from Pakistan: Has Rice
- Pakistan rice export prices: Pakistan Rice Prices
- Rice exporters in Pakistan: Pakistan Rice Exporters
- Irri 6 rice exporters Pakistan: Pakistan Rice, Irri 6 Exporters
- Rice suppliers in Karachi: Pakistan Rice Export Company
- Basmati rice Pakistan: Pakistan Rice, Basmati Suppliers
- Broken rice exporters: White Rice, 100% Broken
Source: Source
