High World Rice Prices hit Malaysians
Wow! Are you considering to change your daily diet? Or are changing to locally grown rice instead?
Exceedingly high world rice prices have finally hit Malaysians now that Padiberas Nasional Berhad (Bernas) has raised the prices of five popular grades of imported rice. We consumers should brace ourselves for similar percentage increases - if not more - when buying other imported rice, as well as related foodstuff.
Here is the latest price as of yesterday, June 1, 2008,
Hoarding of imported stock has already begun in the northern peninsular States, and the cumulative effect of the price increases will be reflected not only in the retail prices of milled and packed consumer-grade rice, but also throughout the country’s already inflationary economic system.
To those who ate imported rice have no choice but to pay more, or switch to one of the local grades. The rise will affect Malaysians in Sabah and Sarawak the most, as Sabah imports 70% of its rice and Sarawak 47%. This is really a concerned to all Malaysians.
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