Rice prices trending lower

Rice prices trending lower

JAKARTA (JP): In spite of Sunday's fuel price hikes, the price
of rice in Jakarta held steady on Monday with indications it will
fall next week because of plentiful of stocks, Antara reported.

Bhaktiono Nasion, head of the Cipinang Central Market, told
the news agency that prices were stable because the capital had
more than enough stock to meet the strong demand.

Saigon Bandung was quoted at Rp 2,300 per kilogram, Muncul II
at Rp 2,100, Muncul III at Rp 2,000, IR I at Rp 2,150, IR II at
Rp 2,000, IR III at Rp 1,800 and Cisadane at Rp 2,050, Antara
said.

Bhaktiono said prices in Cipinang could decline next week in
line with the trend noted at major rice production areas due to
the start of the harvest season. (02)