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Indonesia to receive 200,000 tons of Thai rice
Asia Times
JAKARTA - About 200,000 tons of rice imported under a counter-purchase deal with Thailand are expected to arrive in Indonesia in January or February, National Logistics Agency (Bulog) chief, Widjanarko Puspoyo, said on Thursday.

"The rice is imported based on a memorandum of understanding (MoU) between Indonesia and Thailand which was signed in mid-2002," he said.

Puspoyo said that the 200,000 tons of rice were part of the 400,000 tons covered by the MoU which were to be bartered with fertilizer, aircraft and train boxcars. Puspoyo said the remaining 200,000 tons would be imported at the end of 2004.

The Bulog chief said that the importation of the rice was carried out as part of a long term strategy.

"It is not carried out all of a sudden to face year-end holidays and next year's elections but to face the possible shortage of food or harvest failures," he added.

The imported rice will not be distributed to the market, so that it will not disturb rice prices at home, he added.

The contract for the rice purchase was signed before the fasting month of Ramadhan this year, with the agreed price of US$200 per metric ton.

The price of rice to be imported later this year has not yet been decided, Puspoyo said, adding that the import would not disturb rice harvests at home because it would be supplied to areas outside Java such as Belawan-Medan, Padang, Lhokseumawe, Kupang, Bitung, Balikpapan, Dumai and Palu.

MGR Archive 6.12.2003
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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