Global Trade Alert
Global Trade Alert

Indonesia: Government provided an IDR 250 billion to Perum Bulog to stabilise corn prices

Announcement

07 Apr 2023

In April 2023, Bank Negara Indonesia provided an IDR 250 billion (USD 16.7 million) to Perum Bulog to allow the SOE to purchase grain to then sell it in the local market. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Apr 2023

Revocation date:

No revocation date

Updated: 07 Apr 2023
Price stabilisation In force

On 7 April 2023, according to news reports, Bank Negara Indonesia (BNI) provided an IDR 250 billion (USD 16.7 million) loan to Perum Bulog (Bulog) to purchase corn. Bulog has the mandate to monitor...

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