Indonesia increases rice imports.

Indonesia’s rice imports in 2017-18 are expected to rise to 1.3 million tonnes as the country attempts to stabilize prices and rebuild stocks. The Indonesian Bureau of Logistics (BULOG) has set its domestic procurement target for 2017-18 at 2.7 million tonnes of milled rice equivalent but only 650,000 tonnes had been procured through March. Faced with rising prices prior to the main harvest and BULOG’s insufficient stocks, on Jan. 11 the Minister of Trade instructed BULOG to import 500,000 tonnes of rice.