Indonesia

Indonesia to promote domestic rice sales

Indonesia has stopped, or at least severely slowed down, the export of rice from Thailand. From an external perspective many countries are saying this is an attempt to bolster domestic sale of rice and to stockpile the supply. The Thai are not very happy about this, for obvious reason, and are looking into a peaceful and diplomatic resolution.

Indonesia has had several floods in the past few years that ruined stockpiles of Indonesian rice. Now, in an effort to promote the Indonesian welfare, a boycott against the Thai has begun. This boycott has the underlying view of a need to support the Indonesian efforts instead of giving the money to Thai companies.

Identity

http://www.bangkokpost.com/business/economics/258959/jakarta-scraps-rice-purchase

http://gulfnews.com/business/markets/indonesia-to-hold-back-surplus-rice-from-export-to-boost-supplies-1.98559

September 30, 2011 at 12:18 pm