6th July,2018
Daily Global Regional Local Rice E-Newsletter www.riceplusmagazine.blogspot.com mujahid.riceplus@gmail.com Unedited Verison
Cheaper rice not guaranteed after liberalization Neily Syafiqah Eusoff The Edge Financial Daily
July 05, 2018 10:55 am +08 This article first appeared in The Edge Financial Daily, on July 5, 2018.
SHAH ALAM: Padiberas Nasional Bhd (Bernas), the country’s sole rice importer controlled by businessman Tan Sri Syed Mokhtar Al-Bukhary, said there can be no guarantees that prices of rice will fall when the domestic rice market is liberalised. “Local and imported rice are currently under price control. I don’t see how a price that is [already] controlled can go lower unless something changes along the supply chain from the paddy to the miller and the wholesaler,” its chief executive officer (CEO) Ismail Mohamed Yusoff told a news conference yesterday.