Indonesia Extends Corn Price Stabilization Program

Support for Livestock Farmers Amid Rising Prices

The Indonesian government has decided to extend the Corn Price Stabilization Program (SPHP) until January 2026, continuing to provide corn at Rp 5,500 per kilogram to livestock farmers. Coordinating Minister for Food Zulkifli Hasan announced the extension during a limited coordination meeting at the Coordinating Ministry for Food in Jakarta.

Rationale Behind the Extension

The decision to extend the program was made in response to rising corn prices and the potential impact on the livestock industry. Corn is a primary component of animal feed, and maintaining its affordability is crucial for farmers. The minister cited that the extension until January 2026 was necessary given the high and rising corn prices in the market.

Implementation Through Perum Bulog

The SPHP corn distribution is managed through Perum Bulog, a state-owned enterprise responsible for stabilizing food prices. By maintaining the price at Rp 5,500/kg, the government aims to alleviate the financial burden on farmers and ensure the stability of the livestock sector.