Rice Price in Traditional Markets Skyrocketing

Rice price in a number of traditional markets began to rise. The increase in rice prices has occurred since a few days ago.

It hikes since last Tuesday. The price had increased from the agent

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Wisnu (38), a trader in Rawasari Market, Cempaka Putih, Central Jakarta acknowledged since last Thursday has increased. For a 10 kilograms of rice packaging sack sold for Rp 160 thousand. In fact, on Monday (8/24) it was Rp 150 thousand.

For other brand sold for Rp 100 thousand which previously sold Rp 90 thousand and Rp 120 thousand.

"It hikes since last Tuesday. The price had increased from the agent," he said, Wednesday (8/26)

Due to the rise, the number of buyers was fairly decreased. Moreover, the stall is only open from 5 AM to 12 PM.  They maximally sold 2 bags of rice, 50 kg size.

“I could buy two sacks of rice, but tomorrow it could only 1.5 sacks since the price goes up,” he said.

Similar statement was also stated by another rice trader, Slamet (40).

“Price hiked since post ied-ul fitr, it hikes gradually. The condition worst by the drop of rate exchange,” he expressed.

Separately, Assistant Economy of City Secretary, Mangatas Panjaitan uttered indeed rice price is hiking up in Cipinang Wholesale Rice Market in the third week of August.

According to him, price increase due to the amount of spending is higher than revenue despite normal supply with an average of 3,586 tonnes per day.