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Malaysia Government Contracts For The Distribution Of Imported Rice Are Set To Commence In April


Published Date: March 30, 2024
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According to Datuk Seri Mohamad Sabu, Minister of Agriculture and Food Security, starting in April, every contract with the government involving the transportation of rice will use imported white rice. According to him, the endeavour is an attempt by government agencies to ensure that there is an adequate supply of native white rice (BPT) available on the market. 20,000 tons of BPT will be available for purchase. In a similar vein, we have directed producers to process and release the rice for public consumption from the current stock of BPT," he declared as he concluded today's Dewan Negara debate on the Motion of Thanks for the Royal Address for his ministry.

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BPT Availability and Recent Price Increases in Malaysia

Approximately 62% of the nation's BPT has now been released, according to Mohammed; the remaining portion is made up of imported white rice. "Of the 62%, a portion was given to totally residential schools, police and military dorms, and zakat using BPT. Thus, only roughly 50% of BPT are present in the market, he noted. Regarding the shortage of BPT, Mohammed stated that customer demand changed as a result of the rise in the price of imported white rice. "The pressure from unstable global market prices for rice and the change in the source country's policy to limit exporting abroad is what caused the increase in the price of imported rice. "Aside from that, the US dollar's rise relative to the Malaysian Ringgit also contributed to the situation,” he said. –Bernama

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