Malaysia restricts businesses from buying rice

(Comprehensive news from Serdang) The Ministry of Agriculture and Food Security of Malaysia will restrict the purchase of domestic rice by local businesses from now on, with a limit of 100 kg per person per purchase. "Sin Chew Daily" reported that Azman, director of the Rice and Rice Supervision Bureau of the Ministry of Agriculture and Food of Malaysia, said on Thursday (September 7) that the Ministry of Agriculture and Food proposed this regulation to solve the problem of interference in the supply of rice on the market. He said: "We found that some merchants purchased 500 to 700 bags of one kilogram of local rice at a time. This is why we have implemented a limit on rice purchases from now on." Azman also said that Malaysia has one and a half months’ rice stockpile and five to six months’ trading stock, so consumers do not need to worry about insufficient supply of domestic or imported rice. According to another Bloomberg report, Malaysian authorities will also step up law ...