The government said it will study the proposal to raise the ceiling price of local white rice said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.
The study on the proposal, made by the Paddy and Rice Regulatory Division will scrutinse all aspects to ensure that all parties benefit from the decision.
“The Ministry of Finance, the Ministry of Economy, the Ministry of Domestic Trade and Cost of Living, and the Ministry of Agriculture and Food Security will examine the requirements and how to implement them.
“This study also needs to be carried out due to suggestions from several parties, because the price set has never changed since 2008,” he said
Yesterday, KPB director-general Datuk Azman Mahmood said the ceiling price of BPT should be increased to RM3.20 per kg, compared with the current RM2.60 per kg to protect the future of all parties involved in the food production chain, especially paddy farmers.
The increase in the BPT ceiling price is important to prevent the occurrence of local rice dumping, as manufacturers are no longer interested in continuing to purchase rice due to low prices.
