Having Rice Stock Of 1.26 Million Tons, Bulog Is Ready To Maintain Food Stability In 2024

President Director of Perum Bulog Bayu Krisnamurthi (center). (Photo: Mery Handayani/VOI)

JAKARTA - President Director of Perum Bulog Bayu Krisnamurthi ensured that Bulog was ready to maintain food stability in 2024.

The reason is, Bulog has sufficient rice stock for distribution needs until next year in order to maintain food price stability in the community.

"With the current stock of food commodities controlled by Bulog, there are still stock on the way and additional new assignments for stock procurement from the government, the number will be stronger," he said at a press conference at the Bulog Coporate University Office, Thursday, December 21.

Bayu said that Bulog's current stock of Government Rice Reserves (CBP) is 1.26 million tons.

Then, there are still rice stocks that are still on their way to Bulog warehouses as much as 494,000 tons.

There is also an additional quota of 500,000 tons of procurement assignments left. So for this rice stock, the amount is very strong for the price stability program to face 2024," said Bayu.

Then, Bayu also stated that the implementation of the Food Assistance program in the form of rice until December 20 had been realized by 97 percent or as much as 1.46 million tons of the total ceiling of 1.49 million tons.

In addition, Bulog has poured rice Market Operations or what is now called the Stabilization of Food Supply and Prices (SPHP) throughout 2023 as much as 1.1 million tons.

"In the framework of the rice price stabilization program, the Government through Bulog has distributed 2.56 million tons of government rice reserves throughout 2023. For the SPHP program, 1.1 million tons of CBP have been distributed and for the food aid rice program it has reached 1.46 million tons of CBP," said Bayu.

In addition to rice, Bayu also explained that in order to overcome the deficit in feed corn production in the fourth quarter of 2023, the government through the National Food Agency assigned Perum Bulog to supply and distribute corn to target breeders or target farmer cooperatives through import schemes.

"According to the assignment from the government, Bulog has brought in 171,000 tons of feed corn sold to target breeders according to the price set by the government to reduce the increase in feed corn prices that have occurred recently," said Bayu.