Malaysia To Pursue India On Finding Best Solution Over Rice Export Ban
Date
9/19/2023 3:18:25 AM
(MENAFN- KNN India)
Malaysia To Pursue India On Finding Best Solution Over Rice Export Ban New Delhi, Sept 18 (KNN) Malaysia has decided to hold talks with the Indian government to find a“best solution” over the South Asian country's rice export restrictions, Mohamad Sabu, Malaysia's Agriculture Minister said on Monday.
This statement came amid concerns over rising prices and supply shortages.
State-run Malaysian rice importer Bernas will also be negotiating with other suppliers like Vietnam, Thailand, and Cambodia, Mohamad Sabu told parliament.
Like other countries in Asia, Malaysia has seen lower supplies and an increase in rice prices in recent weeks as hot weather threatens harvests, with countries led by top exporter India restricting shipments to curb inflation and ensure food security.
Malaysia has asked rice millers in the country to increase their monthly production by 20 per cent for a year, Mohamad said, adding that current domestic rice shortages were expected to be resolved within a month.
Malaysia currently has 900,000 metric tonnes in rice stockpiles, enough to cover the country's needs for four to five months, Mohamad said.
(KNN Bureau)
MENAFN21092023000155011030ID1107095783
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.