Author Topic: Tempo English Version 2017, 31 July - 06 August  (Read 1054 times)

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Tempo English Version 2017, 31 July - 06 August
| August 02, 2017, 04:40:19 PM

2017, July 31 - August 06 --- Tempo

Tito Karnavian and the head of business competition supervisory commission Syarkawi Rauf -- all clad in batik shirts in the middle of the night -- they raided a rice warehouse of Indo Beras Unggul. But the dramatic raid did not yield much as the allegations against the company quickly crumbled. Indo Beras was initially accused of taking large profits, far above that of farmers. But, in any supply chain, it is a common knowledge that traders reap largest profits. Farmers are always at the bottom of the pyramid. Therefore, the reason behind the raid that the company causes losses to farmers is not a solid one. The ministry and the police also alleged that Indo Beras caused losses to consumers as the company bought subsidized rice, packed and resold it at the premium price albeit a maximum retail price set by the government. This accusation fell flat following the statement by the social welfare minister, Khofifah Indar Parawansa, that the company's rice was not the subsidized rice.


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