6th July,2018 Daily Global Regional Local Rice E-Newsletter

Page 1

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.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.