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Johari Ghani Urges Malaysia To Reduce Dependency On Rice Imports As Domestic Output Declines

Datuk Seri Johari Ghani, a member of parliament for Titiwangsa, has urged the government to make efforts to lessen Malaysia's reliance on rice imports required to meet domestic demand for the grain.

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Johari Ghani Urges Malaysia To Reduce Dependency On Rice Imports As Domestic Output Declines

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  1. Johari Ghani Urges Malaysia To Reduce Dependency On Rice Imports As Domestic Output Declines Datuk Seri Johari Ghani, a member of parliament for Titiwangsa, has urged the government to make efforts to lessen Malaysia's reliance on rice imports required to meet domestic demand for the grain. Commodity Price Hikes Witnessed On Tuesday (12th Sept.), Johari stated at the Dewan Rakyat that the Russia-Ukraine war and increased logistical costs are two external factors amongst several that have contributed to an increase in commodity prices over the previous two years. He claims that as a result, prices for foods like chicken, eggs, cooking oil, and most recently rice have increased over the same time period. The only rice importer in the nation, Padiberas Nasional Bhd (Bernas), increased the price of imported rice to RM3,200 per tonne from RM2,350 per tonne as a result of the weakening currency exchange rate, high operating costs, and the impact of India's July announcement banning the export of white rice. Malaysia’s Rice Imports

  2. Johari mentioned rice in particular, noting that Malaysia imports a significant portion of its rice supply to satisfy domestic demand (locally-produced rice only meets 62.6% of total demand). He explained in a statement, “Previously, our rice paddy farmers could meet 71% of total demand, but that figure has dropped to 62.6%. The government depends on imports of rice to supply the rest (37.4% of demand).” While Malaysia's reliance on rice imports increased, according to Johari, the government continued to spend more money from its own funds as rice-exporting nations raised their prices. According to him, the government now pays US$540 (RM2,523) per tonne to India (the world’s largest rice exporter) for its rice imports, as opposed to US$380 per tonne previously. He also mentioned that prices in Thailand and Vietnam had also gone up, from US$420 per tonne to US$600 per tonne and from US$490 per tonne to US$680 per tonne, respectively. "Other rice exporting countries are expected to follow suit, pushing up global rice prices in the near future," he said. Concerns Stated By The Parliament Member Overall, 1.23 million tonnes of rice worth RM2.67 billion were imported into Malaysia in 2022, according to Johari. Johari also said that the concern is not just money but the fact that what if one day no country wants to sell to Malaysia but the need for the 1.23 million tonnes of rice imports to meet the needs of the people still exists. Johari proposed that Malaysia follow in the footsteps of Vietnam, which transitioned from a rice-importing country in the 1990s to one of the world's largest rice exporters today. He mentioned, “If we could make this country the second largest palm oil exporter in the world, if we truly focus on this rice issue with Mardi (Malaysian Agricultural Research and Development Institute), I believe that with the involvement of private companies that are involved in the cultivation of rice on a large-scale, Malaysia can become a rice exporting country.” He emphasized that despite the difference in land size, Malaysia was ranked 41st on the Global Food Security Index (GFSI) 2022 while Singapore, its neighbor across the causeway, was ranked higher at 29th. The government of Malaysia imposed a 100kg limit on purchases of locally produced white rice due to the current disruption in the supply of the locally produced rice. If you are a rice importer wishing to Buy Rice In Bulk or a rice exporter willing to export bulk rice, then Tradologie.com is the right platform for you. Tradologie.com is a Software as a Service platform that facilitates bulk agro-commodities trade across the globe including all varieties of rice.

  3. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities such as rice, wheat, pulses, spices and many other commodities at negotiable rates. Sellers on the platform get better access to new global buyers, increasing their overall business orders and profits, as there are no middlemen involved in the trade here The transaction-oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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