Malaysia: Vegetable prices in the market to remain stable in March next year, says Mohamad Sabu

Published 2024년 12월 18일

Tridge summary

The article highlights the anticipated stabilization of vegetable prices in the local market in March next year, following the end of the Northeast Monsoon (MTL) in March. The unpredictable weather conditions during the monsoon season have led to a decrease in vegetable supply, resulting in increased selling prices. The Federal Agricultural Marketing Authority (FAMA) will play a role in ensuring a sufficient vegetable supply in the affected states. The article also reports that the Agriculture and Food Security Minister, Datuk Seri Mohamad Sabu, presented Special Cash Assistance (BKST) to 10,628 rice farmers in Kelantan who were affected by floods, with total losses in the agricultural sector due to the floods estimated to be RM33.2 million.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

TUMPAT: Vegetable prices in the local market are expected to return to stability in March next year after the end of the Northeast Monsoon (MTL), said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu. He said the unpredictable weather is now causing the supply of vegetables to decrease and the selling price to increase. “Every time the monsoon season comes, this problem will occur and we have indeed received reports regarding this matter where the price of vegetables sold in the market will increase. “Therefore, we expect this problem to be resolved in March next year and the Federal Agricultural Marketing Authority (FAMA) will play a role in ensuring sufficient vegetable supply in the states involved,” he told reporters at the Bunga Raya Area Farmers Association (PPK) building here today. Earlier, Mohamad presented the Special Cash Assistance (BKST) Phase 2 to 10,628 rice farmers in Kelantan who were affected by the floods this year, amounting to RM6.3 million. He ...
Source: Utusanborneo

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.