Agriculture

The Monopoly of Bernas Malaysia's national rice monopoly is currently held by Padiberas Nasional Berhad (Bernas). This powerhouse in the rice industry is in charge of importation, warehousing, distribution, and marketing of this staple food. However, Bernas has come under fire due to allegations of monopolistic practices, with critics arguing that it leads to increased prices and hinders competition. Government's Stance Agriculture and Food Security Minister, Mohamad Sabu, clarifies that disrupting this monopoly is not a decision that can be made overnight. The government is currently tied to an agreement with Bernas that holds till January 10, 2031. Any move to intervene would not only require a solid reason but also a certain period of time. The government is in ongoing discussions over the matter. Sabu acknowledges public concern over affordability and availability issues and assures that the peopl...

Price Increase in Dairy Products Starting from next month, the prices of dairy products, including white milk, will experience an across-the-board increase in South Korea. This follows price hike announcements from numerous dairy companies such as Seoul Milk, Maeil Dairy, and Namyang Dairy. Other companies like Binggrae and Dongwon F&B have also decided to increase the prices of some of their products from next month. Specific Price Increases Binggrae has announced that it will increase the price of its 'Good Morning Milk' product (900ml) by 5.9% based on retail stores. The price of its popular processed milk product, banana-flavored milk (240ml), will also rise by 5.9%, while Yoplait Original will increase by 8.6%. The price of Together Ice Cream will also go up by 8.3%. The new prices will be applied from the 6th of next month in retail stores and supermarkets, and from November 1st in convenience stor...