JAKARTA. Ahead of the fasting month of Ramadan, which begins on May 27, state logistics agency Bulog on Wednesday began to distribute staple foods to stabilize prices in markets as part of a two-week long market intervention program. “Distribution will continue for two weeks across Indonesia,” said Bulog president director Djarot Kusumayakti during the launching of the program, called the “Food Stabilization Movement,” on Wednesday. Bulog has stocked more than 2 million tons of rice, 320,000 tons of sugar, 207,000 liters of vegetable oil, 62 tons of garlic, 60 tons of shallots and 37,500 tons of meats—almost all of which is buffalo meat from India.
Market intervention kicks off to control prices
JAKARTA. Ahead of the fasting month of Ramadan, which begins on May 27, state logistics agency Bulog on Wednesday began to distribute staple foods to stabilize prices in markets as part of a two-week long market intervention program. “Distribution will continue for two weeks across Indonesia,” said Bulog president director Djarot Kusumayakti during the launching of the program, called the “Food Stabilization Movement,” on Wednesday. Bulog has stocked more than 2 million tons of rice, 320,000 tons of sugar, 207,000 liters of vegetable oil, 62 tons of garlic, 60 tons of shallots and 37,500 tons of meats—almost all of which is buffalo meat from India.