Companies
The potential export deal follows an earlier Agriculture Ministry projection that achieving rice self-sufficiency had placed the country in a position to start exporting the staple grain.
Farmers plant rice seedlings on June 28, 2025, in a paddy field in Lambaro, Aceh Besar, Aceh. (AFP/Chaideer Mahyuddin)
A Malaysian company has submitted a bid to purchase 500,000 tonnes of premium Indonesian rice at Rp 16,000 (91 US cents) per kilogram, according to the State Logistics Agency (Bulog).Bulog president director Ahmad Rizal Ramdhani said on Friday that the agency was finalizing the technical pricing following a preliminary meeting in Surabaya, East Java.
If the deal closes at the proposed price, the total export value will reach around Rp 8 trillion ($452 million).
