(C) Bloomberg.com
Malaysia has been struggling due to the recent rice crisis. Initially, the people in the country were suffering because of a limited supply of locally produced rice. They had to buy imported rice, which was way more expensive than domestically produced rice.
Such incidents have affected the daily lives of Malaysians. Malaysia’s Prime Minister Anwar Ibrahim has now threatened legal action against rice hoarders. Will Malaysian PM take action against rice hoarders amid rice shortage? What can Malaysians expect?
Anwar bin Ibrahim, the Prime Minister of Malaysia, has threatened legal action against people found hoarding rice amid the crisis.
On 2 October, Anwar bin Ibrahim said, “If anyone dares to take advantage when people are struggling to find rice … you hoard, we will find you, sue you, and take you to court.” He gave warning to rice hoarders.
Amid the crisis, consumers have started stockpiling local grains. Amid rice shortage in the country, panic-buying by consumers have increased.
The Ministry of Agriculture and Food Security of Malaysia will set up an enforcement and monitoring team to curb rice hoarding under the guidance of the Malaysian Prime Minister.
The Malaysian Prime Minister also urged people not to hoard locally produced rice. Rice hoarders will face strict action from 3 October.
The government will also increase distribution of rice to rural areas. The government has also announced measures to tame down rice prices.
The Malaysian government has announced a subsidy of 950 ringgit per ton for imported rice in the states of Sabah and Sarawak from October 5.
Anwar bin Ibrahim, the Prime Minister of Malaysia, also said that around 400 million ringgit in subsidies would be channeled for government facilities across the country for buying imported rice. The government has also highlighted the importance of rice as the main staple food in Malaysia.
Malaysia, which imports about 38 per cent of its rice needs, was affected after India restricted rice exports to meet their domestic needs.
ICC has dropped the crucial update regarding the ICC Women’s World Cup 2025 which will commence 30 September 2025. To…
One of the established and a leading Japanese singer and songwriter, Aiko is known for her blending of modern music…
Today, on 15 July 2025 it is going to be a clash of two equally potent football teams China and…
The badminton competition in Japan Open 2025 which is the second event on the BWF World Tour calendar has now…
Seattle Mariners catcher Cal Raleigh was the 2025 winner of the MLB Home Run Derby on Monday night at Atlanta…
Kang Seo Ha, a South Korean actress passed away yesterday aged 31 and the South Korean entertainment industry is mourning.…
This website uses cookies.
Read More