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Rice prices in key exporting countries including Thailand and Vietnam have climbed around 20 percent since India, the world’s biggest shipper of the grain, banned shipments of a key variety in July, tightening global supplies.
Bulog has been making utmost efforts to absorb as much grains and rice produced by local farmers as possible in anticipation of El Nino impact.
The impacts are likely to reflect the differing role that rice plays in each country’s political economy.
Bulog says that it secured 750,000 tonnes of Government Food Reserve rice stocks distributed across Bulog warehouses in Indonesia to face El Nino.
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