Key insights and market outlook
Perum Bulog is set to transform into a direct body under President Prabowo Subianto, according to CEO Ahmad Rizal Ramdhani. The plan, currently being discussed in Komisi IV DPR RI, aims to strengthen Bulog's role beyond just rice and corn management to broader food security initiatives. This transformation requires revising Perpres No. 125/2022 and PP No. 13/2016, with discussions ongoing since November 2024.
Perum Bulog is on the verge of a significant transformation, potentially becoming a direct body under President Prabowo Subianto's administration. CEO Ahmad Rizal Ramdhani revealed that the plan is currently being deliberated in Komisi IV of the DPR RI. The proposed change aims to empower Bulog to manage not just rice and corn, but to oversee broader food security initiatives, aligning with President Prabowo's vision for food independence.
The transformation requires amendments to existing regulations, specifically Perpres No. 125/2022 and PP No. 13/2016. Discussions have been ongoing since November 2024, following President Prabowo's directive to strengthen Bulog's capabilities. The legislative process involves coordination between Bulog, the government, and the DPR RI, with Komisi IV and VI playing crucial roles in the decision-making process.
If approved, this change will significantly impact Bulog's operational structure and responsibilities. Bulog's CEO emphasized the organization's readiness to execute the government's directives, should the plan be approved. The potential transformation signals a strategic shift towards enhanced food security measures and greater governmental control over critical food commodities.
Bulog Transformation Plan
Food Security Initiative
Regulatory Revision for Bulog