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Today's Headlines Rice Mafia

  • 32 Indonesian Companies Fined, Found Guilty of Forming Beef Cartel

    32 Indonesian Companies Fined, Found Guilty of Forming Beef Cartel

    Indonesia's Business Competition Supervisory Commission (KPPU) penalized 32 Indonesian cattle importer and beef feedlot companies with a combined IDR 107 billion (approx. USD $8.1 million) in fines on grounds of the practice of unfair competition. These 32 companies have been found guilty of forming a cartel with the aim of controlling local beef prices, curtailing beef imports, and curtailing the distribution of beef at the expense of the Indonesian consumer, particularly in the Greater Jakarta area.

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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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