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Malaysian Prime Minister Anwar orders to resolve rice price issues before March 20th
Release time:2024-03-01 Source: Qingqiao Number of views:

Recently,Malaysian Prime Minister Anwar orders relevant departments,staythreemonthBefore the 20th,Solve the problem of rice prices to prevent high rice prices from affecting people's livelihoods, or low rice prices from affecting the livelihoods of rice farmers. Rice farmers' organizations point out that the government has already sacrificed aboutRights of 240000 rice farmers.

sinceSince 2008, the retail price limit for locally produced white rice in Malaysia has been Ringgit 2.60 per kilogram, but government policies aimed at helping consumers cope with inflation,And ricesupplyThe tense relationship between industries has reached a critical point.

About one-third of Malaysia's rice supply relies on imports. sufferDue to factors such as India's restrictions on rice exports in 2023, international rice prices are rising. After Malaysia's only rice importer raised the price of imported rice by 36% on September 1, 2023, a large number of people turned to buying domestically produced rice, resulting in some supermarkets experiencing a shortage of rice supply.

Subsequently, the Malaysian government held a press conference calling on the public to remain calm and not panic about buying rice. Anwar warned that those who maliciously hoarded rice would be arrested. The country's Minister of Agriculture and Food Security, Sab, stated that the overall supply of rice in the country is sufficient.

AnhuaexpressThe government understands that the public wants rice prices to fall, but rice farmers are actually one of the poorest groups in Malaysia. The rise in rice prices is a burden on consumers, while not rising is a burden on rice farmers. governmentmeetingBalancing the demands of rice farmers and the public, ensuring that all parties are protected.

On February 23, 2024,Anhua chaired a special meeting of the National Cost of Living Action Council and discussed with the National Rice Company ways to increase imported rice and domestic rice production. The special meeting proposed three suggestions for dealing with the supply and demand of rice and rice prices, including not allowing domestic rice to have a starting price, but the government providing targeted subsidies to maintain the selling price at per kilogram2.6 Ringgit. The second suggestion is to set different prices based on the ratio of whole rice to broken rice in domestic rice. The third suggestion is for the government to invest a portion of its current stockpile of approximately 290000 tons of rice into the market to maintain rice prices.

At present, the Malaysian government has stated that it will allocate more rice to rural areas to balance market supply in various regions. At the same time, the government will also provide a total of funding for the military, police, and schools400 million ringgit, purchasing imported rice to ensure that the public can purchase domestically produced rice at relatively affordable prices.


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