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Unravelling the Rice Monopoly: Malaysia’s Dilemma

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By: BNN Correspondents
Unravelling the Rice Monopoly: Malaysia’s Dilemma

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 people’s interests are prioritized in any decision-making process. He also emphasizes the importance of a thorough review before any decision is made, noting potential implications for the country’s food security.

The Scrutiny of the Rice Monopoly

The issue of the rice monopoly has been under scrutiny for some time, with the government previously considering plans to liberalize the rice industry. However, concerns over the potential impact on food security and the livelihoods of local farmers have stalled these plans.

Breaking the national rice monopoly held by Bernas has been a point of contention. Yet, the government is bound by a 10-year agreement with the company. Any decision to disrupt this monopoly would require a solid reason and would take into consideration the potential impact on food security and local farmers’ livelihoods.

Protecting the People and the Nation’s Food Security

The government is committed to ensuring the welfare of the people and the nation’s food security in any decision-making process. It recognizes the potential consequences of disrupting the rice monopoly and is working towards making a decision that would benefit all parties involved.

While the discussions about breaking the national rice monopoly continue, the government is cautious about its next steps. It is aware of the potential for public concern over affordability and availability issues, and its priority is to ensure the people’s interests in any decision-making process. The government’s pledge to the welfare of the people and the nation’s food security remains steadfast, even in the face of such complex issues.

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