‘Moveable’ ceiling price to be introduced to improve food security

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‘Moveable’ ceiling price to be introduced to improve food security
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PUTRAJAYA: A “moveable” ceiling price for certain food items and improved mechanisms in hiring expatriates and foreign workers are among measures to be taken to improve food security and tackle the shortage of skilled workers in the electrical and electronics sector, says Datuk Seri Ismail Sabri Yaakob.

The Prime Minister said the Economic Action Council had agreed that a “moveable” ceiling rate be introduced, whereby the maximum price for certain produce would vary according to the items’ input price.

The Prime Minister had recently announced that direct financial aid would be given to the B40 group in a bid to ease the impact of rising cost of goods. Ismail Sabri said the meeting also decided that the agro-food ecosystem needed to be expanded with a supply chain led by government- linked companies and agencies to ensure quality of food, guaranteed supply and for yields to be at optimum.

The Prime Minister said private- public collaboration must also be improved and the focus should be on modernisation and encouraging smart agriculture.

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