KEPALA BATAS: There is a local rice cartel involving four to five companies in this country which acted to control the buying and selling of rice, lea...
National Action Council on Cost of Living Task Force chairman Datuk Syed Abu Hussin Hafiz Syed Abdul Fasal. - BERNAMAPIX
National Action Council on Cost of Living Task Force chairman Datuk Syed Abu Hussin Hafiz Syed Abdul Fasal said the information was obtained from engagement sessions with rice farmers, millers, wholesalers, retailers and consumers. “These companies control up to 80 per cent of the local rice market. The cartel buys rice at a high price of up to RM1,850 per tonne of rice and then raises the price of rice.
Syed Abu Hussin Hafiz, who is also the Member of Parliament for Bukit Gantang, said that the findings of the involvement in dealings also showed that the cartel was also influencing rice farmers by offering higher rice prices and at the same time put pressure on consumers with increased rice prices.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Muslims in Malaysia to begin fasting Tuesday, March 12KUALA LUMPUR: Muslims in Malaysia will begin fasting on Tuesday, March 12, said the Keeper of the Rulers’ Seal, Tan Sri Syed Danial Syed Ahmad. Syed D...
Read more »
Muslims in Malaysia to begin fasting Tuesday, March 12KUALA LUMPUR: Muslims in Malaysia will begin fasting on Tuesday, March 12, said the Keeper of the Rulers' Seal, Tan Sri Syed Danial Syed Ahmad.
Read more »
Muda says not part of Perikatan nationwide tour after Muhyiddin announces Syed Saddiq joiningKUALA LUMPUR, March 10 — The Malaysian United Democratic Alliance (Muda) has clarified that it will not participate in Perikatan Nasional’s (PN) nationwide tour, after the...
Read more »
Muda grassroots divided over Syed Saddiq's participation in Perikatan Nasional roadshowA segment of Muda’s grassroots are of the view that the party should part ways with co-founder Syed Saddiq Syed Abdul Rahman should he decide to take part in Perikatan Nasional’s nationwide roadshow.
Read more »
Stop acting like a hero, Umno Youth deputy chief tells Syed SaddiqKUALA LUMPUR: Bank Negara Malaysia (BNM) today dismissed the inaccurate ringgit exchange rate data circulating on social media based on an erroneous USD/RM exchange rate published by Google on Friday, March 15.
Read more »
Perikatan will get more from national tour than Syed Saddiq, analysts sayKUALA LUMPUR, March 13 — Muda co-founder Syed Saddiq Syed Abdul Rahman’s decision to join Perikatan Nasional’s (PN) nationwide tour will help the coalition while resulting in...
Read more »