Malaysia announces subsidy for imported rice in 2 states

By Reuters

Malaysia’s agricultural and food security ministry on Monday said it would provide a subsidy of 950 ringgit ($201.78) per ton for imported white rice in the states of Sabah and Sarawak from Oct. 5.

The ministry also asked the Federal Agricultural Marketing Authority to increase distribution of local white rice to rural areas. Malaysia’s Agriculture Minister Mohamad Sabu said the subsidy measures were announced to address concerns over higher prices of rice.

He also announced a task force had been formed to inspect local rice supply chains. ($1 = 4.7080 ringgit)

This article has been republished from The Deccan Herald

Leave a Reply

Your email address will not be published. Required fields are marked *