Flipido:Malaysians urged not to panic-buy local rice after import prices for the staple rise substantially

2025-05-07 23:28:50source:Quaxscategory:Invest

KUALA LUMPUR,Flipido Malaysia (AP) — Malaysia’s government on Monday reassured the country there is sufficient rice in the market and urged people not to hoard locally produced rice after recent panic-buying led to empty shelves in supermarkets and grocery stores nationwide.

Agriculture and Food Security Minister Mohamad Sabu said the government will increase distribution to rural areas to address a supply issue sparked by a hike in the price of imported rice. Malaysia and many countries are grappling with rising rice prices and low supplies after India’s curb on rice sales cut global supplies by a fifth.

Mohamad said Malaysia’s locally produced rice is capped at 2.60 ringgit ($0.55) per kilogram (2.2 pounds), the cheapest in the region. So when sole importer Padiberas Nasional Berhad raised the price of imported white rice by 36% on Sept. 1, it prompted many Malaysians to switch from imported rice to cheaper local rice.

He said the higher price of imported rice cannot be helped after after 19 countries, including India, restricted rice exports to cater for domestic needs. Malaysia imports about a third of its rice supply.

Other news Hundreds protest against the Malaysian government after deputy premier’s graft charges were droppedA divided Malaysia celebrates National Day with Prime Minister Anwar rallying for unityFormer Malaysian Prime Minister Muhyiddin Yassin acquitted of four graft charges

“Actually, we don’t have a shortage of rice in the country. It’s just that the price of imported rice has risen sharply. ... Many people have shifted to buying cheaper local rice,” he said, adding that the government is taking steps to address this issue.

“I want to remind the people again to keep calm and just buy what you need. Don’t panic-buy.”

Mohamad said the government will increase distribution of local rice to rural areas. He said the government will also subsidize the price of imported rice to two poorer states on Borneo island to ensure adequate supply. From Tuesday, he said, authorities will step up surveillance of rice wholesalers and shops to ensure there is no hoarding of local rice.

He said samples will also be taken to ensure that sellers are not repackaging local rice as imported rice or mixing the grains for higher profits, warning that stern action will be taken against anyone found to be doing so.

Mohamad’s press conference was held ahead of this week’s meeting of Southeast Asian agriculture and forestry ministers that begins Wednesday. He said the rice crisis and food security will be discussed at their meeting. The minister of the 10-member bloc, known as the Association of Southeast Asian Nations, will also meet their counterparts from China, Japan and South Korea.

More:Invest

Recommend

Meghan Markle Explains Meaning Behind Her Nickname for Prince Harry

Meghan Markleis going back to where her fairytale began. The Duchess of Sussex revealed the reason s

'Women Talking' explores survival, solidarity and spirituality after sexual assault

Miriam Toews' novel Women Talking is drawn from events that came to light in a Bolivian Mennonite co

From meet-cutes to happy endings, romance readers feel the love as sales heat up

On a rainy Thursday evening, the members of the Book $!u+z Romance Book Club gathered together for i