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for 01/02/2009
(last updated 7:30am EST 01/02/2009)
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Indonesia raises rice price to ensure sufficiency, investment
From: Business
Category: Business
01/02/2009 (6 h 35 m ago)
The Indonesian government has decided to raise the price of rice buying from local farmers in a bid to ensure national self-sufficiency amid slowing economic activity and a global food crisis.

The decision was made in a decree issued by President Susilo Bambang Yudhoyono, which was effective from Jan. 1, 2009, the Jakarta Post daily reported on Friday.

The decree stipulates the government will pay 4,600 rupiah (about 46 cents U.S. dollars) per kilogram to buy rice from national farmers, ...
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