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Indonesia’s High Rice Prices, World Bank and Government Disagree on Solutions

by Becky
2024-09-29
in Economic
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rice price

(Freepik)

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Jakarta, Indonesia Sentinel –– Carolyn Turk, World Bank’s Country Director for Indonesia and Timor-Leste, has highlighted that rice prices in Indonesia are 20% higher than in other ASEAN countries. Turk pointed to the country’s import restrictions and government policies as key reasons for the elevated prices, suggesting these measures weaken agricultural competitiveness.

In response, Arief Prasetyo Adi, head of Indonesia’s National Food Agency (Bapanas), urged the country not to be swayed by World Bank’s statements.

According to Arief, the World Bank’s comments could be an attempt to push Indonesia toward more imports, something the government is trying to avoid in its efforts to protect local farmers.

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“Indonesia is focused on improving the welfare of our farmers, which is why we limit imports,” Arief said.

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He added that the country needs to collaborate to enhance domestic rice production by improving seeds, fertilizers, technology, and other infrastructure. These steps are seen as crucial for making rice prices more affordable for consumers while protecting the livelihood of farmers.

Turk, however, pointed out that despite higher rice prices, Indonesian farmers remain impoverished. She cited that many of the country’s farmers earn less than USD 1 per day, equating to approximately IDR 15,207, placing them below the poverty line.

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Speaking at the Indonesia International Rice Conference in Bali, Turk emphasized the importance of investment in modern agricultural infrastructure to enhance productivity, reduce post-harvest losses, and boost farmers’ incomes.

She also stressed the need for research and extension services to help improve yields and overall agricultural efficiency in Indonesia, especially in the face of climate change-driven food crises.

 

(Ray)

Tags: ASEANBapanasriceRice PricesWorld Bank
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