Below is a list with tagged columns and company profiles.

Today's Headlines Rice

  • Indonesia Investments' Research Report Released: January 2019 Edition

    Indonesia Investments' Research Report Released: January 2019 Edition

    On Friday (08/02) Indonesia Investments released the January 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of January 2019 and also touches upon key international developments that impacted on the Indonesian economy.

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  • Taking a Closer Look at the Social, Economic & Political Importance of Rice for Indonesia

    Taking a Closer Look at the Social, Economic & Political Importance of Rice for Indonesia

    Rice is a crucial commodity, particularly for Asia where most of the population is dependent on rice as the basic staple food that is consumed on a daily basis (and usually multiple times per day). It is estimated that more than 90 percent of rice is produced and consumed in Asia. Hence, rice consumption and production in the West is rather insignificant (although rice does have a centuries-long history in the West and thus there also developed specific European rice culinary specialties such as the risotto in Italy or the paella in Spain). Thus, rice-producing Asia is a net exporter of rice to the rest of the world.

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  • Indonesian Rice Producer Buyung Poetra Sembada to Build New Factory

    Indonesian Rice Producer Buyung Poetra Sembada to Build New Factory

    Buyung Poetra Sembada, an Indonesia-based rice producer, plans to construct a new rice factory in South Sumatra in the second half of 2018, a project that will require IDR 100 billion (approx. USD $7.5 million) in investment. Buyung Poetra Sembada conducted an initial public offering (IPO) on the Indonesia Stock Exchange in June 2017.

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  • Update: Tiga Pilar Sejahtera Food's Shares Plunge after Rice Scandal

    Tiga Pilar Sejahtera Food's Shares Plunge after Rice Scandal

    Shares of Tiga Pilar Sejahtera Food, an Indonesian company that is engaged in food processing, rice processing and the palm oil business, tumbled by a whopping 24.92 percent on Friday (21/07) to IDR 1,205 a piece. This huge loss followed after the raid and sealing of a factory owned by Indo Beras Unggul, a subsidiary of Tiga Pilar Sejahtera Food.

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  • Self-Sufficiency in Rice Achieved, Indonesia to Become Rice Exporter?

    Self-Sufficiency in Rice Achieved, Indonesia to Become Rice Exporter?

    Andi Amran Sulaiman, Indonesia's Agriculture Minister, says Indonesia is ready to become a rice exporter after Indonesia managed to become self-sufficient in rice in 2016. Last year Indonesia produced a total of 79.17 million of unmilled tons of rice, significantly above the government target that was set at 72 million tons. Although Indonesia is the world's third-largest rice producer the country usually needs to import rice from Vietnam or Thailand to maintain stable prices and meet huge rice demand at home. Rice is the staple food of basically all Indonesian people.

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  • Too Low Rice Reserves Indonesia Cause Risky Situation

    Too Low Rice Reserves Indonesia Cause Risky Situation

    Rice reserves in Indonesia need to be pushed to higher minimum levels. Currently the nation's rice stocks are estimated to range between 300,000 - 400,000 tons (per year). Given that Indonesia's agricultural output is being plagued by weather phenomenons, the existing low level of rice reserves can cause major problems. Rice, the favorite staple food crop of the Indonesian people, can cause accelerated inflation in times of shortages and push the millions of people living just above the poverty line into full poverty.

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  • Indonesia's Inflation Rate Eases to 3.60% y/y in April 2016

    Indonesia's Inflation Rate Eases to 3.60% y/y in April 2016

    Indonesia's April deflation of 0.45 percent month-to-month (m/m) was slightly higher than estimated (the general consensus among analysts was 0.29 percent m/m deflation in April 2016). Traditionally, Indonesia experiences deflation in April as food prices ease due to the harvest season. This year, however, deflationary pressure was higher than usual as, per 1 April 2016, Indonesia's premium gasoline and diesel fuel prices were cut by IDR 500 (approx. USD $0.04) per liter, thus curtailing transportation costs. Indonesia's annual inflation rate now stands at 3.60 percent (y/y).

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  • Rice Mafia of Indonesia Active Again? Suspicious Supply-Price Fluctuation

    Rice Mafia of Indonesia Active Again? Suspicious Supply-Price Fluctuation

    Indonesian Agriculture Minister Andi Amran Sulaiman has a strong suspicion that the "rice mafia" is behind the recent fluctuations in rice supply and prices in Indonesia. Suspicion emerged after new rice supplies suddenly 'flooded' Indonesian markets in February when prices of rice had already risen due to the scarcity of supplies. Sulaiman believes there is a cartel consisting of six big Indonesian rice distributors that deliberately hid rice output after last year's harvest and waited for prices to rise significantly before supplying rice to the markets in order to see higher profits.

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  • Inflation Update Indonesia: Falling Below Central Bank's 2015 Target

    Inflation Update Indonesia: Falling Below Central Bank's 2015 Target

    The central bank of Indonesia (Bank Indonesia) expects headline inflation to reach 2.79 percent (y/y) in full-year 2015, below the central bank's target range of between 3 and 5 percent. Inflation has been low in Indonesia this year, accumulating to 2.16 percent in the first ten months of 2015, and Bank Indonesia estimates that the pace of inflation will remain controlled in the last two months of 2015.

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  • IPO Buyung Poetra Sembada on the Indonesia Stock Exchange

    IPO Buyung Poetra Sembada on the Indonesia Stock Exchange

    Indonesian rice producer Buyung Poetra Sembada will offer 710 million new shares, or 30.08 percent of the company's expanded capital, to the market through an initial public offering (IPO) on the Indonesia Stock Exchange. The new shares will be offered at between IDR 420-500 per share, hence aiming to raise up to IDR 355 billion (approx. USD $26 million), in December 2015. Buyung Poetra Sembada is a rice producer known for its Topi Koki brand. Underwriter for the offering is Bahana Securities.

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Latest Columns Rice

  • Stock Alert Indonesia: Shares Tiga Pilar Sejahtera Food Under Pressure

    Stock Alert Indonesia: Shares Tiga Pilar Sejahtera Food Under Pressure

    Shares of food manufacturer Tiga Pilar Sejahtera Food fell almost 25 percent on Friday (21/07) after one of its subsidiaries is suspected of fraud. Allegedly, subsidiary Indo Beras Unggul (a rice trader) sold rice under the premium label, while it actually was the cheaper government-subsidized rice that was sold to consumers. Police raided a warehouse of Indo Beras Unggul in Bekasi (West Java) on Thursday evening (20/07), confiscating more than 1,000 tons of rice.

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  • Buyung Poetra Sembada's IPO on the Indonesia Stock Exchange

    Buyung Poetra Sembada's IPO on the Indonesia Stock Exchange

    Indonesian rice distributor Buyung Poetra Sembada targets to see a 25 percent year-on-year (y/y) growth of sales and net profit in 2017, supported by rising sales of its own brands as well as private labels. The company also targets to collect up to IDR 280 billion (approx. USD $21 million) through an initial public offering (IPO) on the Indonesia Stock Exchange in June 2017. Buyung Poetra Sembada will offer 700 million new shares, equivalent to nearly 30 percent of its enlarged capital, to the public.

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  • Economic Update Indonesia: November Inflation Expected at 0.2%

    Economic Update Indonesia: November Inflation Expected at 0.2%

    After having experienced two consecutive months of deflation in September and October, Indonesia is expected to see inflation again in November, primarily on higher food prices (chicken meat and rice). Agus Martowardojo, Governor of Bank Indonesia, expects an inflation rate of 0.2 percent (month-on-month) in November. This would mean that inflation in full-year 2015 is likely to reach 3 percent (y/y), in line with earlier estimates and within - or perhaps slightly below - Bank Indonesia's target range of 3 - 5 percent (y/y) of inflation in 2015.

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  • Urban Lifestyle Indonesia: Consumption Wheat & Bread Products Rises

    Urban Lifestyle Indonesia: Consumption Wheat & Bread Products Rises

    Although most Indonesians still prefer to eat rice and noodles as part of their daily diet, an increasing number of Indonesians (particularly those who live in the urban environments and have adjusted to an ‘urban lifestyle’) have started to consume cereals and bread. In fact, Indonesia has become the world’s second-largest wheat importer and ranks among East Asia’s largest cereal importers. The country is dependent on these imports as domestic production of grains is close to zero (the climate doesn’t suit cultivation).

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  • Inflation Update Indonesia: "April Inflation Higher than Usual"

    Inflation Update Indonesia: April Inflation Higher than Usual

    Inflation in Indonesia is expected to accelerate to 6.80 percent year-on-year (y/y) in April 2015, from 6.38 percent y/y in the previous month, according to the central bank of Indonesia (Bank Indonesia). As global oil prices have somewhat recovered from their recent lows, they add inflationary pressures in Indonesia (higher transportation costs). On a month-on-month (m/m) basis, Indonesian inflation is expected to be around 0.35 percent in April. This figure would be in sharp contrast to ‘normal’ April inflation.

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  • News Update Indonesia: Inflation Remains under Control in 2015

    According to the latest data from Statistics Indonesia (BPS), Indonesia recorded monthly inflation of 0.17 percent in March 2015. It was the first month this year in which Indonesia recorded inflation. In January and February Indonesia experienced deflation of 0.24 percent (m/m) and 0.36 (m/m), respectively. March inflation was primarily the result of administered price adjustments: higher prices of (low-octane) gasoline, diesel and 12-kg LPG canisters. These adjustments were necessary amid rising oil prices and rupiah depreciation.

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  • Agriculture in Indonesia: Update on Rice and Coffee Production

    Agriculture in Indonesia: Update on Rice and Coffee Production

    Indonesia’s Agriculture Ministry estimates that Indonesia’s rice harvest will not be severely affected by the El Niño weather phenomenon this year. The Ministry expects to see a rice production of at least 70 million tons of unmilled rice in 2014, just 1.9 percent down from the 71.3 million tons of rice that was produced last year. Meanwhile, Indonesia may see a record coffee harvest in 2015 as recent rainfall in the important coffee-producing regions have supported the development of cherries.

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