{"id":7719,"date":"2023-09-07T13:48:22","date_gmt":"2023-09-07T13:48:22","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7719"},"modified":"2023-09-07T13:48:23","modified_gmt":"2023-09-07T13:48:23","slug":"malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/","title":{"rendered":"Malaysia Caps Retail Rice Sales, Conducts Checks as Prices Soar"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"960\" height=\"640\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-33.png\" alt=\"\" class=\"wp-image-7720\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-33.png 960w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-33-600x400.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-33-300x200.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-33-768x512.png 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/figure>\n\n\n\n<p>(Bloomberg) &#8212; Malaysia will limit retail purchases and boost enforcement to prevent locally produced rice being sold as the more expensive imported grain, as the fallout from India\u2019s export curbs continuing to upend the market.<\/p>\n\n\n\n<p>Purchases will be capped at 100 kilograms per person effective immediately until supply concerns ease, Paddy and Rice Regulatory Director General Azman Mahmood said. He made the remarks after a government-convened meeting with farmers and the state importer to discuss supply security.<\/p>\n\n\n\n<p>\u201cAlmost every day I receive complaints from people about their difficulty in getting local white rice,\u201d Agriculture and Food Security Minister Mohamad Sabu said in a speech to the meeting, according to a transcript. \u201cThis issue is being looked into seriously by the ministry to ensure supplies are sufficient.\u201d<\/p>\n\n\n\n<p>Export restrictions by top shipper India have sent shock-waves across Asia and Africa, prompting worried consumers to implement measures to secure supply and contain rising food costs. Malaysia started checks on wholesalers and commercial millers last month after allegations that local grain was being sold as imported rice at higher prices, according to Sabu.<\/p>\n\n\n\n<p>Malaysia\u2019s stockpiles are currently sufficient and local white rice prices are still among the lowest in Southeast Asia at 2.60 ringgit (56 cents) a kilogram, Sabu said after the meeting. The country, which consumes about 200,000 tons a month, has inventories equivalent to 1.5 months of consumption, he said.<\/p>\n\n\n\n<p>The government has conducted more than 900 enforcement checks since July to ensure the supply stability of local white rice, Sabu said.<\/p>\n\n\n\n<p>Padiberas Nasional Bhd., Malaysia\u2019s state trading enterprise known as Bernas, last week announced a 36% price hike for all imported white rice. The country buys about a third of its supply from overseas, mainly from India, Thailand, Pakistan and Vietnam.<\/p>\n\n\n\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/malaysia-caps-retail-rice-sales-074417167.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&amp;guce_referrer_sig=AQAAAK2L3KDSJpIcQsFmtSin2zrtQa5H6OaSE_mjrSmdFaxMP3m1ddkvikx5dgHh91g8uJVbl-MfUwqXQO_lEdNjm-iAKpiXEfVmDGR_8uWjTo6mD3IYAQbgAicMpXtbNuMnuY5hucIz-9lwf013IjzPTGyxJ_Dz5vH2NnrCevLzWucg#\"><\/a><a href=\"https:\/\/www.facebook.com\/dialog\/feed?app_id=458584288257241&amp;link=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fmalaysia-caps-retail-rice-sales-074417167.html%3Fsoc_src%3Dsocial-sh%26soc_trk%3Dfb%26tsrc%3Dfb\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><a href=\"https:\/\/twitter.com\/intent\/tweet?text=Malaysia%20Caps%20Retail%20Rice%20Sales%2C%20Conducts%20Checks%20as%20Prices%20Soar&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fmalaysia-caps-retail-rice-sales-074417167.html%3Fsoc_src%3Dsocial-sh%26soc_trk%3Dtw%26tsrc%3Dtwtr&amp;via=YahooFinance\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><a href=\"mailto:?subject=Malaysia%20Caps%20Retail%20Rice%20Sales%2C%20Conducts%20Checks%20as%20Prices%20Soar&amp;body=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fmalaysia-caps-retail-rice-sales-074417167.html%3Fsoc_src%3Dsocial-sh%26soc_trk%3Dma\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; Malaysia will limit retail purchases and boost enforcement to prevent locally produced rice being sold as the more expensive imported grain, as the fallout from India\u2019s export curbs continuing to upend the market. Purchases will be capped at 100 kilograms per person effective immediately until supply concerns ease, Paddy and Rice Regulatory Director [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[159],"class_list":["post-7719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Malaysia Caps Retail Rice Sales, Conducts Checks as Prices Soar - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malaysia Caps Retail Rice Sales, Conducts Checks as Prices Soar - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"(Bloomberg) &#8212; Malaysia will limit retail purchases and boost enforcement to prevent locally produced rice being sold as the more expensive imported grain, as the fallout from India\u2019s export curbs continuing to upend the market. Purchases will be capped at 100 kilograms per person effective immediately until supply concerns ease, Paddy and Rice Regulatory Director [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-07T13:48:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-07T13:48:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-33.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Developer Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Developer Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Malaysia Caps Retail Rice Sales, Conducts Checks as Prices Soar\",\"datePublished\":\"2023-09-07T13:48:22+00:00\",\"dateModified\":\"2023-09-07T13:48:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/\"},\"wordCount\":297,\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-33.png\",\"keywords\":[\"Global Rice News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/malaysia-caps-retail-rice-sales-conducts-checks-as-prices-soar\/\",\"name\":\"Malaysia Caps Retail Rice Sales, Conducts Checks as Prices Soar - 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