KUALA LUMPUR: Concern over rising rates and offer shortages have caused consumers to stockpile native particles, and Malaysia’s Prime Minister Anwar Ibrahim has threatened legal action against someone found hoarding grain.
Malaysia, which imports about 38 % of its wheat needs, is one of the nations experiencing the effects of export restrictions put in place by major rice suppliers like India, causing consumers to buy in panic and driving up prices.
Anwar declared at a rally late on Monday( Oct 3 ) that” 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 stated that in order to reduce billboard, the ministry of agriculture and food safety has been told to increase enforcement and monitoring.
The demand for native corn, whose prices are set by the government, has increased as a result of the recent 30 % increase in the price of imported white rice in Malaysia.