Ziney | ‘THE IMPACT IS GOING TO BE TREMENDOUS' – EXPERTS PREDICT SKY-ROCKETING RICE PRICES AFTER INDIA'S SHOCK BAN – FOR MALAYSIA, A TOP IMPORTER, THERE'S NO ONE TO BLAME BUT THE INABILITY OF PREVIOUS GOVTS TO SECURE RICE PRODUCTION, FOCUSING INSTEAD ON GIVING MONOPOLY TO TYCOON SYED MOKHTAR'S BERNAS

‘THE IMPACT IS GOING TO BE TREMENDOUS' – EXPERTS PREDICT SKY-ROCKETING RICE PRICES AFTER INDIA'S SHOCK BAN – FOR MALAYSIA, A TOP IMPORTER, THERE'S NO ONE TO BLAME BUT THE INABILITY OF PREVIOUS GOVTS TO SECURE RICE PRODUCTION, FOCUSING INSTEAD ON GIVING MONOPOLY TO TYCOON SYED MOKHTAR'S BERNAS

2023-08-27 09:37

‘THE IMPACT IS GOING TO BE TREMENDOUS' – EXPERTS PREDICT SKY-ROCKETING RICE PRICES AFTER INDIA'S SHOCK BAN – FOR MALAYSIA, A TOP IMPORTER, THERE'S NO ONE TO BLAME BUT THE INABILITY OF PREVIOUS GOVTS TO SECURE RICE PRODUCTION, FOCUSING INSTEAD ON GIVING MONOPOLY TO TYCOON SYED MOKHTAR'S BERNAS

Philippines, Malaysia and Vietnam are the biggest importers of rice from India and would now have to find other avenues for supply or rely on different types of rice varieties. Economist Nur Ameera A. Jaz from the Centre for Foundation Studies in Science at University Malaya felt Malaysia could hold out for another two to three months based on existing stockpiles of rice. However a rise in price is imminent. 'Padiberas Nasional Bhd's (Bernas) is supposed to maintain 290,000 metric tonnes of rice stockpiled.

https://www.malaysia-chronicle.com/?p=227435

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