Panic trend abated, local rice stocks in market back to normal, says deputy agriculture minister

KUALA LUMPUR, Oct 1 — The trend of panic buying has almost diminished and local supply of white rice in the market is back to stable condition this week, said Deputy Minister of Agriculture and Food Security Chan Foong Hin.

He said the positive situation was due to the lack of panic buying by consumers and traders, compared to last week. “I found that at the Federal Agricultural Marketing Authority operations centre, it has distributed as much as 400 metric tonnes of local white rice per month and an additional 1,100 for distribution through all Fama networks to cater for public’s need,” he said.

“We should devote our energy to more specific issues such as logistics, distribution and local rice stocks that are more efficient and effective,” he said. — Bernama

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