Indonesia imposes import tariff on rice as supply improves
18/04/2011 217
Most viewed articles
JAKARTA, April 14 (Xinhua) -- Indonesian finance ministry has imposed an import tariff for rice following the improvement of supply of the commodity from domestic sources, spokesman of the ministry said on Thursday.
Previously, the government canceled the import tariff following rising prices of the commodity and chillies prices due to lack of supply impacted by weather phenomenon, which had triggered inflation to a 21-month high of 7.02 percent in January.
The new policy charged tariff of 450 rupiah (some 0.052 U.S. dollar) per kg of rice began on April 1, spokesman of the ministry Yudi Pramadi said.
Indonesia's rice supply has improved since February as some areas in the country have started main rice harvests, easing inflation pressures to 6.84 percent in February and 6.65 Percent in March. It is predicted that the ease of prices pressure would continue in April as the harvests still continue.
"This policy also aims at stabilizing rice prices in the country,"the spokesman said.
Rice is a main food for most of 240 millions Indonesian population.
April 14th, 2011
Source: English.news.cn
- USTR Makes Findings and Proposes Action in 60 Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods
- [VCCI] The US officially initiates a Section 301 Investigation into Vietnam on Intellectual property
- General Secretary and President To Lam's working visit to three ASEAN countries: Demonstrating the stature of proactive and constructive diplomacy.
- Viet Nam accelerates innovation drive as skilled workforce becomes key to science and technology growth
- The US is increasing controls on AI chip exports