Malaysian PM Anwar wants enforcement to deal with local rice issues more often

Rice

Malaysia

Regulation & Compliances

Market & Price Trends

Published Mar 22, 2024

Tridge summary

Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, has urged for improved monitoring and enforcement to tackle the local white rice (BPT) shortage in the market. He believes that a more effective distribution of BPT and the government's strict stance on rice prices and supply have resulted in a drop in the price of imported white rice (BPI). Despite having a stock of 150,000 metric tons of local rice, it is not enough to satisfy the demand. He also stressed the importance of redirecting subsidies to the poor and marginalized.

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Original content

PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim wants more frequent monitoring and enforcement to deal with the lack of local white rice (BPT) in the market. He, who is also the Minister of Finance, said the monitoring and enforcement approach required changes to ensure the distribution of BPT was more effective. "I personally heard the problems expressed by traders regarding the issue of lack of BPT," he said when speaking at the Ministry of Finance Citizens' Gathering here today. Touching on the recent Special Meeting of the National Livelihood Action Council (NACCOL), he said the government's firmness in dealing with the issue of rice prices and supply had been expressed leading to a drop in the price of imported white rice (BPI) in the market. "Alhamdulillah it's down RM3, there are some places RM2, but generally (the reduction) RM2 to RM3, which is already big enough for ordinary buyers and users," said Anwar. Regarding the lack of BPT in the market, he said the NACCOL ...

Source: Utusanborneo