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Indonesia canceled a plan for import
State-owned Board of Logistics (Bulog) said it has cancelled a plan for an additional import of 400,000 tons-500,000 tons of rice this year as stocks are more than sufficient.

Earlier Bulog announced a plan to import up to 500,000 tons of rice in addition to the import target of 1.5 million tons set for this year.

Bulog Chief Mustafa Abubakar said Bulog will not even import the remaining 106,000 tons not yet imported from the 1.5 million ton target.

No more need to import rice in 2007 as stocks are believed to be growing and the country is expected to be able to secure a stock of 1.5 million tons by the end of this year, Mustafa said.

A research team of Bulog said the country's rice production from three harvests this year is encouraging, enough to meet domestic requirements.
MGR Archive 11.11.2007
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Russia Rapan $ 700
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USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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