As per the local reports available, the Indonesian government may soon give a green signal for rice imports to arrive in the country as stocks are depleting and extending dry conditions are likely to affect local rice output and prices. Further, the government has already signed an agreement with Vietnam to import one million tons of rice and also negotiating with Thailand, Myanmar, Pakistan and Cambodia for importing another 500,000 tons of rice.
According to the Head of Indonesia’s logistics agency Bulog told reporters that the government would decide within two weeks over the imports. If there is no rain by the end of this week, we will proceed quickly with the import plan. In this matter, the Vietnam has committed to export 1-million tons of rice and it is likely to see the rice stream in as soon as early November.
Furthermore, the Bulog Chief also noted that the agency is expecting imports to arrive from Vietnam in November. It has been indicated that the President was keen on achieving self-sufficiency in rice production and avoiding imports. However, the continuing drought conditions have forced the government to import rice this year. It has been stated that the Analysts have predicted that Indonesia may need to import about 1.6 million tons of rice in 2015.