Malaysia Lowers Rice Prices to Help People’s Burdens During Ramadan and Eid

Malaysia Lowers Rice Prices to Help People’s Burdens During Ramadan and Eid. The Malaysian government through the National Action Council on Cost of Living agreed to reduce the retail price of imported white rice by 2.3 Malaysian Ringgit. This was stated by the Minister of Agriculture and Food Security Datuk Sri Muhammad Sabu. The Malaysian government through the National Action Council on Cost of Living agreed to reduce The retail price for imported white rice is 2.3 Malaysian Ringgit.

This was revealed by the Minister of Agriculture and Food Security, Datuk Sri Mohamad Sabu, who added that the current price of imported white rice is 38 to 45 Malaysian Ringgit per 10 kg pack. The rice is expected to fall to 35 Malaysian Ringgit with the price adjustment finalized at the NECO meeting. The government is optimistic that this shortage will help the Malaysian people reduce their burden of life, especially during the month of Ramadan and upcoming holidays. Muhammad added that the government has also decided that all current rice stocks will amount to 140,000 metric tonnes purchased by the mills are required to be immediately processed and available in the local market to further increase rice distribution.

Muhammad also said that the government has agreed that all government contracts will use imported white rice and an additional 20,000 metric tonnes of imported white rice will be fully distributed In April The Ministry will also continue discussions with stakeholders to refine long-term action plans to develop a more realistic rice production cost structure to ensure that the rice industry is sustainable.