FSTJ: Rice Stock Safe until Ramadan

PT Food Station Tjipinang Jaya (FSTJ) has said rice stocks stored at the agency's warehouses in Jakarta are safe until the upcoming Ramadan.

We find indications that rice stocks will increase by five percent in March

PT FSTJ President Director Pamrihadi Wiraryo acknowledged, ahead of Ramadan, rice stock was reaching 43,808 tons. In detailed, 10,400 tons were at the FSTJ's warehouse and 33,408 tons were at the Cipinang Rice Central Market (PIBC)'s warehouse.

"We find indications that rice stocks will increase by five percent in March compared to January and February. As for prices tend to fall by one to two percent compared to the January and February," he expressed, Tuesday (3/30).

PT FSTJ Conducts Stock-taking in all Warehouses and Outlets

He explained his party had an early warning system to control the supply and availability of rice at PIBC. It was because 80 percent of rice entering Jakarta generally went through PIBC.

After passing through a long evaluation of the last few days, prices were still relatively stable to this day. Commercial rice was from Indramayu, Karawang, Subang, Cilacap, Karanganyar, Sidoarjo and Lampung with a total of 10,000 tons.

"The role of PIBC towards rice in Jakarta is enormous. As of today, we have 33,408 tons of stock at PIBC. So it is a very ideal number and it tends to be stable from month to month," he explained.

He added the raw material for granulated sugar procured from Bulog, PT RNI, PT GMM, PT Sungai Budi, PT Aman Agrindo reached 5,000 tons.

"The sugar we have is relatively stable. The stock in PT FSTJ's warehouse as of March 24 still reaches 1,500 tons," he uttered.

While for domestic chicken eggs procured from the Putra Blitar Cooperative, CV Mitra Jaya Bogor and CV Radhia Abadi Bandung reached 10 tons.

"The stock at PT FSTJ's warehouse as of March 24 is 1.5 tons. The chicken eggs price is currently on the average since January 2020," he concluded.

Related to cooking oil, its procurement reached 100,000 liters with the amount of stock in PT FSTJ's warehouse as of March 24, reaching 47,000 liters.

Since last year, the price of this cooking oil had continued to increase from around Rp 10,800 today to Rp 13,000. Especially at the derivative market, it was almost Rp 14,000.

"Based on the latest information, cooking oil is closely related to the upstream products, where cooking oil impacts the price of crude palm oil (CPO)," he explained.

As for garlic, he continued, the 2021 Import Approval Letter (SPI) from the Trade Minisry had already been issued for 14,420 tons. PT FSTJ was still waiting for the opening of the 2021 Horticultural Product Import Recommendation (RIPH).

"In preparation for Ramadan, we have prepared stocks," he stated.