Rice for two and half months
Published on: Saturday, March 28, 2020
File photo from Bernama.
Kuala Lumpur: Malaysia has enough rice to last two and a half months, the Agriculture and Food Industry Ministry told Reuters on Friday (March 27), after Vietnam suspended exports to feed its own people amid the Covid-19 epidemic.Vietnam, the third-largest rice exporter, on Wednesday (March 25) said it would not sign any new rice export contracts until March 28 to ensure sufficient domestic supplies, raising concerns about global food security.
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Malaysia, a net rice importer, said its food supply was sufficient as it entered the second week of a one-month restricted movement order, including closing borders and requiring non-essential businesses to shut, in a bid to stop the virus.
The country has 500,000 tonnes of rice stocks and consumes 200,000 tonnes a month, according to data from the Agriculture and Food Industries Ministry provided to Reuters.
"Bernas acted early to secure rice export contracts until May 2020 from Vietnam even though it was at a high price," the ministry said, referring to the national rice agency.Stay up-to-date by following Daily Express’s Telegram channel.
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Malaysia, the 22nd largest rice consumer in the world, farms its own rice but also imports 30-40% of its requirement to feed its population of 32.6 million.
