>> ASIAONE / NEWS / ASIAONE NEWS / MALAYSIA / STORY
M'sia to unveil 2 programmes in June to up food supply
Thu, May 15, 2008
Reuters

KUALA LUMPUR - MALAYSIA will announce two programmes next month to increase food supplies to maintain reasonable and stable prices, Agriculture Minister Mustapa Mohamed said on Thursday.

Like its Asian neighbours, Malaysia is battling inflation and food security concerns amid worries that the prospect of rising prices could prompt hoarding and social unrest.

'To maintain reasonable and stable prices, I will be announcing in June, two programmes to ensure food supply in the country,' Mr Mustapa told a conference, without elaborating.

Malaysia this week bought 200,000 tonnes of Thai rice and is in talks to secure another 300,000 tonnes, a Thai official said on Tuesday, amid a global rush to lock in supplies for the dwindling food staple.

Food prices pose a risk to a government already struggling to bolster its flagging popularity, and could push the economy into an environment of rising prices and slowing growth.

The government said this week it expected to spend at least RM725 million (S$306 million) to subsidise 500,000 tonnes of imported rice and maintain affordable retail prices of the grain. -- REUTERS

 

READERS' POSTINGS
"This is great to keep overseas Singaporeans connected to home news and affairs"

"My favourite was "The Aftermath for Malaysia Election" - (in my opinion), this was a very well crafted world standard image, it is even suitable for a Time magazine cover!"
Read more

 

 
STORY INDEX
 
  M'sia to unveil 2 programmes in June to up food supply
   
 
  Clerk shocked over hubby molesting own daughter
   
 
  Four-year-old raped by dad
   
 
  'Opposition offered us millions to switch camps'
   
 
  Those who bait others are 'political prostitutes'
   
 
  'Make country a top tourist destination'
   
 
  26 elderly Malaysian tourists missing in Sichuan
   
 
  Special police battalion for KLIA
   
 
  'Let them eat tapioca and potatoes'
   
 
  M'sian traders increase price of green mung beans
   
   

Search: