Macroeconomics

Indonesia Bought About 320,000 T Rice in Tender, Traders Say

August 05, 2024, 02.34 PM | Source: Reuters
Indonesia Bought About 320,000 T Rice in Tender, Traders Say

BULOG - HAMBURG. Indonesian state purchasing agency Bulog is believed to have purchased about 320,000 metric tons of rice in an international tender late last week, European traders said on Monday.

Traders said 185,000 tons of rice is expected to be sourced from Vietnam and 135,000 tons from Myanmar, and all of it is thought to have been purchased at an estimated at $563 a ton cost and freight free out.

Read Also: Indonesia's GDP Growth Rate Holds Just Above 5% yr/yr in Q2

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