Indonesians grapple with surging rice prices ahead of Aidilfitri celebrations just 12 days away

KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual has declared distributions of more than RM160mil for five funds.

JAKARTA : Indonesia is the world's third-largest rice producer and rice is essential in the country's dining tables. However, Indonesian people have been struggling with soaring rice prices in the last few months.

Secretary-General of the Market Sellers Cooperation Center Ngadiran said the increase in rice prices had occurred since four months ago, forcing many households to buy fewer portions of rice than they used to in normal days. "There is such a thing as an extreme change in weather, which disturbs the harvesting and then reduces the production, making the price go up. But the price hike in rice occurs not only in Indonesia, but also all countries across the globe," Widodo said recently.

Local media reported that hundreds of people in various regions were willing to queue for hours in order to get the rice provided by the government through market operations.

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