Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Indonesian industry says rice imports not needed
Pressure is mounting on the Indonesian government to drop a rice import plan as domestic production, according to analysts and the local farm lobby, would be sufficient to cover demand this year.

This could mean the country may end up importing little or no rice at all, much to the disappointment of major exporters such as Thailand and Vietnam.

Indonesia earlier this month scrapped a ban on rice imports, raising hopes in major exporting countries of an unexpected rise in demand in the remaining months of 2005.

While Indonesian rice output this year may be lower than in 2004, it is still sufficient to cover domestic demand, said Siswono Yudohusodo, chairman of the advisory board of Indonesia Farmers Association, or HKTI.

"Most rice-producing regions are having good harvests because the drought was mild this year," said Yudohusodo. "Imports aren't necessary because the domestic rice output is still sufficient."

The government's Central Bureau Statistic, or BPS, has estimated that 2005 rice output will likely fall 2% to 53.01 million tons of unhusked rice, sufficient to produce 32.25 million tons of husked rice.

With total rice consumption estimated at 30.63 million tons, Indonesia will still have a surplus 1.62 million tons of rice at the end of the year, according to the Ministry of Agriculture.

On Sept. 9, the government lifted a ban of nearly two years on rice imports, allowing state logistics agency, Bulog, to import up to 250,000 tons of rice starting October to keep its stocks at 1.6 million tons at the end of the year.

While the government has yet to issue the import permits to Bulog, pressure is mounting from the industry to drop the plan.

In a recent report to legislators, Bulog had said its rice stocks stood at 1.64 million tons Sept. 8, sufficient for about nine months.

"Rice stocks at that level are adequate," said Bustanul Arifin, an economist with the Institute for Development of Economics and Finance, or Indef. "Beside, 250,000 tons isn't adequate to strengthen stocks."
MGR Archive 23.9.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice