# Indonesia plans to import rice to stabilize price - Xinhua | English.news.cn

> Indonesia's government plans to import 500,000 tons of rice and other staples to stabilize prices that have risen to their highest level in five years. The trade minister said prices fell after the import plan was announced, though volatility remains. The FAO has recommended a larger national stockpile than currently held.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: trade · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/10607-indonesia-plans-to-import-rice-to-stabilize-price-xinhua-english-news-cn
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Large state-led import demand tightens the Asian rice market and supports export prices from suppliers such as Thailand and Vietnam. Buyers should expect continued firmness while the purchases are executed.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-10-31 | [India to export rice to Bangladesh - Market News \| The Financial Express](https://feedsoft.ai/events/68434-india-to-export-rice-to-bangladesh-market-news-the-financial-express.md) | -1.8% | +7.5% |
| RICE | 2022-12-19 | [Vietnam’s export rice price increases highly \| SGGP English Edition](https://feedsoft.ai/events/8468-vietnam-s-export-rice-price-increases-highly-sggp-english-edition.md) | +8.0% | +7.7% |
| RICE | 2017-07-27 | [Louisiana rice industry stands to gain from China sales \| Eunice News](https://feedsoft.ai/events/70028-louisiana-rice-industry-stands-to-gain-from-china-sales-eunice-news.md) | +1.8% | +0.2% |
| RICE | 2022-12-02 | [Bulog rice buy: Exporters to meet Indonesia envoy - The HinduBusinessLine](https://feedsoft.ai/events/38206-bulog-rice-buy-exporters-to-meet-indonesia-envoy-the-hindubusinessline.md) | -5.8% | +1.4% |
| RICE | 2023-05-01 | [India Non-Basmati Rice Export Prices Surge.](https://feedsoft.ai/events/36007-india-non-basmati-rice-export-prices-surge.md) | +3.9% | -1.8% |

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-01/18/c_136905457.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.