The Indonesian government will increase imports as a solution to curb price hikes of food, especially corn, sugar, and rice, President Joko Widodo stated at a cabinet meeting on October 9.
A man sleeps on sacks of rice at Jakarta’s rice market. (Photo: AFP/VNA)
Jakarta (VNA) - The Indonesian government will increase imports as a solution to curb price hikes of food, especially corn, sugar, and rice, President Joko Widodo stated at a cabinet meeting on October 9.
Talking to media afterthe meeting, Trade Minister Zulkifli Hasan said the prices of sugar and corn were gradually increasing given the current global situation,such as conflicts and El Nino phenomena.
He saidthat Indonesia will import 250,000 tonnes of corn for the animal feed industry. Meanwhile, it will wait forprices to decrease before deciding to import sugar.
Sugar importers only register to import about 30% of the total allocated sugarimport quota, he added.
According to the minister, the government isalso cooperating with sever🎀al countries to purchase rice if needed. TheSoutheast Asian nation has planned to import an additional 1.5 million tonnes toincrease its national rice reserves, which stood atඣ only 1.7 million tonnes asof October 6./.
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Indonesian President Joko Widodo has said that the Government is increasing the rice supply in the domestic market to curb consumer prices affected by the rise in unhusked rice prices.
This is an urgent time for archipelagic and island states to stand in solidarity and work together, making the Archipelagic and Island States Forum (AIS Forum) a "lighthouse" for developing inclusive cooperation to tackle various global challenges, Indonesian Minister of Foreign Affairs Retno Marsudi said on October 10.
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A man sleeps on sacks of rice at Jakarta’s rice market. (Photo: AFP/VNA) 
