Indonesia Plans to Sign Rice-Import Agreement With Cambodia

Indonesia plans to sign an agreement to import rice from Cambodia if needed to supplement domestically produced supply, Iman Pambagyo, director general of international trade cooperation at the Trade Ministry, today.

“The agreement will be similar with the ones Indonesia has with Thailand and Vietnam”, he said, without providing further details. Thailand and Vietnam agreed to supply rice to Indonesia when needed, he added.

Indonesia, which was self-sufficient in rice in 2008 and 2009, turned to imports the next year after stockpiles fell and output failed to meet targets.

Indonesia doesn’t need to import rice this year because stock levels are adequate, Trade Minister Gita Wirjawan said on Aug 14.

Indonesia’s buffer stock amounts to 2.2 million tons to 2.3 million tons, which is enough for the year, Wirjawan said. The stock levels are reviewed every month, he said then.

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

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