Sign up | Log in



Home  >>   Daily News  >>   Indonesia  News  >>   Agriculture  >>   Indonesia boosts rice inventory
NEWS UPDATES Asean Affairs        10  February 2011

Indonesia boosts rice inventory

Related Stories

January 28, 2011
Thai imported rice to feed Indonesia

January 27, 2011
Indo's rice import buy rattles market

January 21, 2011
Indonesia deciding food import duties

December 30, 2010
Indo crude palm oil sector steams ahead

November 30, 2010
Indonesia to push coffee

October 25, 2010
Indo land reform criticized

October 20, 2010
Indonesian sugar production down 25 percent

October 9, 2010
Indonesia to Import Rice

Indonesia ordered hefty rice imports on Wednesday to boost stocks by a third in the latest sign that countries concerned about rising food prices and short supplies are rushing into the market and could drive inflation even higher.

Global food prices have climbed to record highs on shrinking supplies of wheat, corn, soybean and oilseeds. While rice has been less of a worry thanks to ample supplies in the top two exporters, Thailand and Vietnam, traders said other Asian governments may soon seek to boost rice stocks too.

China plans subsidies to boost grain output this year, state radio said in a report on its web site.

The chairman of Australia's main sugar industry group Canegrowers said up to a quarter of the sugar cane crop in the state of Queensland may have been lost.

The latest monthly grains report from the United States government threatened to further stoke concerns over crops being increasingly used for fuel. The US Department of Agriculture slashed its forecast for corn stockpiles 9 percent, projecting the tightest supply since the Great Depression as a record amount of the crop is used to make ethanol.

Problems with Australia's wheat crop as well as lingering effects of last summer's drought in the Black Sea region have boosted the role of the United States on the export market.

In January, global food prices tracked by the United Nations Food and Agriculture Organization hit their highest level on record. The FAO said last week its Food Price Index rose for the seventh month in a row to reach 231 in January, the highest level since records began in 1990.

The rising prices have raised concerns over inflation, protectionism and social unrest, factors behind the 2008 food crisis, and prodded the G20 to promise action.

Indonesia's government met to discuss food security on Wednesday. Chief Economic Minister Hatta Rajasa asked state procurement agency Bulog to secure imports to gradually boost rice stockpiles to 2 million tons from the current 1.5 million tons, underlining fears shortages could cause price spikes.

Traders said other governments may also look to increase stocks despite ample supplies in Thailand and Vietnam.

Bangladesh said it was buying 200,000 tons of parboiled rice from Thailand in their first government-to-government deal for the grain.

The Philippines, however, held back on importing more despite a recommendation by a government panel to build stocks above a 1 million ton target.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    10  February 2011 Subsribe Now !
• Coal gasification plants rise in Indonesia
Subcribe: Asean Affairs Global Magazine
• Indonesia boosts rice inventory Asean Affairs Premium
• Malaysian construction firms to Pakistan
• Malaysia's rapid transit takes shape  
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Singapore tourism hits high
• Rushing to rubber
• Thai AirAsia to list
• Vietnamese firms have labor shortage
Asean Analysis    10   February 2011 Advertise Your Brand
• Food, glorious food Sponsor Our Events
Asean Stock Watch    10  February 2011
• ASEAN Markets Struggle
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand