
The government set the HPP for dried shelled corn at Rp 6,400/kg at 14% moisture at Bulog warehouses and Rp 5,500/kg for 18-20% moisture corn bought from farmers. The reference price for livestock farmers is Rp 5,800/kg at 15% moisture, under Bapanas circular No. 457/2026.
Bulog must buy at HPP when farm prices fall, per Presidential Instruction No. 3/2026, which requires at least 1 million tonnes of domestic corn absorption in 2026.
A mandatory state buying floor and a 1 million tonne absorption target tighten domestic corn supply available to feed users and support farm prices. This keeps Indonesian feed corn firmer.
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.