Bulog sells 2.5m tons of rice
Bulog sells 2.5m tons of rice
JAKARTA (JP): The State Logistics Agency (Bulog) sold 2.5
million tons of rice as part of a nationwide market operation to
stabilize prices during the 1997/1998 fiscal year, which ends
this month.
Bulog chairman Beddu Amang said yesterday that rice sold by
the agency during this financial year was the most it had sold
during the last 30 years. Droughts last year lead to unusually
low national rice production.
In previous years, the most Bulog has had to sell was 800,000
tons of rice. Bulog now sells 400,000 tons each month, the same
as it sold during the entire 1996/1997 financial year.
"We sold 400,000 tons of rice each month from December last
year to March this year," Beddu said after meeting with Vice
President B.J. Habibie at Merdeka Selatan Palace.
Beddu said that the government will have to import a further
3.3 million tons of rice this year because production is not
expected to improve. (prb)
JAKARTA (JP): The State Logistics Agency (Bulog) sold 2.5
million tons of rice as part of a nationwide market operation to
stabilize prices during the 1997/1998 fiscal year, which ends
this month.
Bulog chairman Beddu Amang said yesterday that rice sold by
the agency during this financial year was the most it had sold
during the last 30 years. Droughts last year lead to unusually
low national rice production.
In previous years, the most Bulog has had to sell was 800,000
tons of rice. Bulog now sells 400,000 tons each month, the same
as it sold during the entire 1996/1997 financial year.
"We sold 400,000 tons of rice each month from December last
year to March this year," Beddu said after meeting with Vice
President B.J. Habibie at Merdeka Selatan Palace.
Beddu said that the government will have to import a further
3.3 million tons of rice this year because production is not
expected to improve. (prb)