REPUBLIKA.CO.ID, BANYUMAS -- The government will assign a subsidiary of state company to buy low quality rice from farmers at commercial price, a minister said.
"I am preparing a subsidiary of a state fertilizer company to buy rice not up to standard in quality from farmers," Minister for State Companies Rini Soemarmo said here on Tuesday (21/4).
Rini said the rice would be bought with commercial fund not from state budget.
State Board of Logistics buys only rice with standard quality from farmers using fund from the state budget.
The price would be below the price set by the government for Bulog, the minister said.
Earlier, the company helped maintain stability in corn price by buying excess in supply during harvest time, she said refusing to name the company beyond saying that it is a trading company.
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