Indonesia grapples with soaring rice prices, hitting a record high in October, with food vendors and households compelled to serve smaller rice portions and opt for lower-quality grains. The medium-grade rice price surged to 13,910 rupiah per kilogram, a 20% increase from January, attributed to dry weather caused by the El Nino phenomenon.
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Indonesians and Rice Portions
Indonesia, which mainly consumes its own rice output, has sought to mitigate the price hikes by releasing its rice stockpiles at lower prices in traditional markets. However, production in 2023 is projected to decrease by about 1.2 million tonnes due to El Nino disruptions.