Rice Price Reduction to Ease Cost of Living

BERNAS Agrees to Reduce Warehouse Gate Price of Imported White Rice

Padiberas Nasional Bhd (BERNAS) has agreed to reduce the warehouse gate price of Imported White Rice in Peninsular Malaysia from RM3,000 per tonne to RM2,800 per tonne, effective December 1, 2024. This decision was reached following recent discussions between the Ministry of Agriculture and Food Security (KPKM) and BERNAS.

Price Reduction Reflects Global Market Trends

According to Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, the price reduction aligns with the current decline in global rice market prices and the strengthening of the Malaysian ringgit against the US dollar. The government is optimistic that this initiative will help ease the cost of living by improving access to and availability of rice at a lower price.

Long-term Action Plan to Refine Cost Structure

The minister added that KPKM will continue engaging with stakeholders to refine a long-term action plan for a more realistic cost structure in rice production. This effort aims to ensure the continued growth of the nation’s padi and rice industry, safeguard the welfare of farmers, and increase the Self-Sufficiency Level of rice in the country.

MADANI Government’s Commitment to Food Security

Indeed, this decision reflects the unwavering commitment of the MADANI Government to prioritize the people’s welfare and strengthen the national food security agenda. The government is committed to ensuring that all Malaysians have access to affordable and nutritious food.

Conclusion

The reduction in the warehouse gate price of Imported White Rice is a positive step towards easing the cost of living in Malaysia. The government’s efforts to refine a long-term action plan for a more realistic cost structure in rice production will also help to ensure the continued growth and sustainability of the nation’s padi and rice industry.

FAQs

Q: When is the new warehouse gate price of Imported White Rice effective?
A: The new warehouse gate price of Imported White Rice is effective December 1, 2024.

Q: Why is the price being reduced?
A: The price is being reduced due to the current decline in global rice market prices and the strengthening of the Malaysian ringgit against the US dollar.

Q: What is the new warehouse gate price of Imported White Rice?
A: The new warehouse gate price of Imported White Rice is RM2,800 per tonne.

Q: What is the purpose of the long-term action plan for a more realistic cost structure in rice production?
A: The long-term action plan aims to ensure the continued growth of the nation’s padi and rice industry, safeguard the welfare of farmers, and increase the Self-Sufficiency Level of rice in the country.