The Indonesian government set the government purchase price (HPP) for dried shelled corn at Rp 6,400/kg at 14% moisture at Bulog warehouses, and Rp 5,500/kg at farm level for 18-20% moisture corn. A reference price of Rp 5,800/kg was set for livestock farmers at 15% moisture, under Bapanas circular No. 457/2026 dated 10 November 2026.
A floor price backed by state purchases limits downside for domestic corn, while the reference price aims to keep feed costs affordable for poultry and livestock producers. Domestic feed corn prices in Indonesia are likely to be supported near these levels.
After 328 past bullish policy events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +1.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.