KUALA LUMPUR, Sept 4 — The rising price of imported white rice will benefit the country’s rice and paddy industry as consumer demand for local white rice has increased.
“When the price of imported white rice increases from RM33 to RM39, it will be a phenomenon and everyone will look for local rice. On September 1, Bernas adjusted the sale price of imported white rice nationwide from RM2,350 a tonne to RM3,200 a tonne, in line with the latest price of imported white rice in the international market.
He said the self-sufficiency level of the country’s rice supply, which currently stands at 62 per cent, is of concern because the country’s rice supply is vulnerable to supply disruptions.
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