Malaysia has no domestically produced white rice stock for six months

Published 2024년 4월 15일

Tridge summary

Malaysia is currently grappling with a significant domestic rice shortage, primarily attributed to adverse weather conditions that have disrupted harvests and supply chains, leaving the country without domestic rice inventory for six months. The situation is exacerbated by the fact that only 15 out of 100 domestic rice sales points are able to offer rice at the government-regulated price, which is deemed too low amidst the high demand and scarcity. The Ministry of Agriculture and Food, under Mohamad Sabu's leadership, is open to collaborating with the Competition Commission to explore potential monopolistic practices in the rice market, following allegations of supply manipulation by certain groups, as claimed by opposition parties and NGOs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Comprehensive report from Kuala Lumpur) The hot and dry weather in Malaysia this year has affected the rice harvest and supply. A special task force of a cabinet committee in Malaysia warned that there has been no domestic rice inventory for six consecutive months. Syed Abu Hussein, chairman of the food task force of the National Living Cost Action Council under the cabinet, said in an interview published in the Malaysian Vanguard on Monday (April 15) that the shortage of domestic rice is serious and there has been no inventory for six months, so that all designated sales points cannot replenish the stock. Syed Abu Hussein pointed out that among the 100 domestic rice sales points in the country, only 15 can sell domestic rice at the government-regulated price of RM26 per kilogram (about S$7.40), and each sales point can only sell 100 to 200 bags of domestic rice. He believes that the price set by the government is too low. "The amount of domestic rice is "But the demand is very ...
Source: Zaobao

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