JAKARTA: The extreme El Nino phenomenon in Indonesia has disrupted the rice production in the largest economy of Southeast Asia, which has resorted to imports to secure domestic stocks.
A prolonged drought resulting in lower rice production has pushed the rice price to soar, which could be directly felt by the public. Yanto, the owner of a warteg, a kind of food stall that sells various cheap meals, in East Jakarta, said that the profit of his business had been significantly declining since August.
As…