{"id":8642,"date":"2023-10-03T09:10:09","date_gmt":"2023-10-03T09:10:09","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=8642"},"modified":"2023-10-03T09:11:32","modified_gmt":"2023-10-03T09:11:32","slug":"malaysian-pm-anwar-ibrahim-warns-of-action-against-rice-hoarders-as-prices-soar","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/malaysian-pm-anwar-ibrahim-warns-of-action-against-rice-hoarders-as-prices-soar\/","title":{"rendered":"Malaysian PM Anwar Ibrahim warns of action against rice hoarders as prices soar"},"content":{"rendered":"\n<p>TheAgricultural and Food Security Ministry has been instructed to step up enforcement and monitoring to curb hoarding.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-11-1024x576.png\" alt=\"\" class=\"wp-image-8643\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-11-1024x576.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-11-600x338.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-11-300x169.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-11-768x432.png 768w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-11.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>A customer looks at products along an aisle with imported rice in a supermarket in Kuala Lumpur, Malaysia, Tuesday, Oct. 3, 2023. Malaysia\u2019s government has urged people not to hoard locally produced rice after recent panic-buying led to empty shelves in supermarkets and grocery stores nationwide. | Photo Credit: AP<\/p>\n\n\n\n<p>Malaysia&#8217;s Prime Minister Anwar Ibrahim has threatened legal action against anyone found hoarding rice, as concern over rising prices and supply shortages have led to consumers stockpiling local grains.<\/p>\n\n\n\n<p>Malaysia, which imports about 38% of its rice needs, is among countries feeling the impact of export restrictions imposed by top rice producers like India, leading to panic-buying by consumers and higher prices.<\/p>\n\n\n\n<p>&#8220;If anyone dares to take advantage when people are struggling to find rice&#8230; you hoard, we will find you, sue you, and take you to court,&#8221; Mr. Ibrahim said at a rally late on October 2, 2023.<\/p>\n\n\n\n<p>The Agricultural and Food Security Ministry has been instructed to step up enforcement and monitoring to curb hoarding, he said.<\/p>\n\n\n\n<p>The price of imported white rice in Malaysia has increased by over 30% in the past month, prompting higher demand for local rice, prices of which are capped by the government.<\/p>\n\n\n\n<p>Malaysia on on October 2, 2023, announced measures to try to cool rice prices, including a subsidy of 950 ringgit ($201.10) per ton for imported white rice in Sabah and Sarawak states from Oct. 5.<\/p>\n\n\n\n<p>All government contracts for rice procurement will also involve purchasing imported white rice instead of the local variety, as a means of ensuring sufficient supply of the local grain in the market.<\/p>\n\n\n\n<p>Anwar said nearly 400 million ringgit in subsidies would be channeled for government facilities, such as military camps, police and school dormitories, for buying imported rice, which could allow local rice supply to increase by about 5%. ($1 = 4.7240 ringgit)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TheAgricultural and Food Security Ministry has been instructed to step up enforcement and monitoring to curb hoarding. A customer looks at products along an aisle with imported rice in a supermarket in Kuala Lumpur, Malaysia, Tuesday, Oct. 3, 2023. Malaysia\u2019s government has urged people not to hoard locally produced rice after recent panic-buying led to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[401,393,332,159],"class_list":["post-8642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-supply","tag-rice-prices","tag-rice-market","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>Malaysian PM Anwar Ibrahim warns of action against rice hoarders 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=\"Malaysian PM Anwar Ibrahim warns of action against rice hoarders as prices soar - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"TheAgricultural and Food Security Ministry has been instructed to step up enforcement and monitoring to curb hoarding. 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