Anticipated Year End Harvest From Mada Set to Alleviate Local White Rice Demand

1. Anticipated Year-End Harvest From Mada Set to Alleviate Local White Rice Demand Malaysia’s supply of native white rice has improved thanks to the Muda Agricultural Development Authority's (Mada) year-end rice harvest. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodities that connects bulk buyers and rice sellers of commodities, primarily of branded food and agro-commodities. White rice producers and white-rice sellers can easily get the best price on the platform if they sell white rice in bulk while buyers can buy white rice in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. Rising White Rice Demand The Minister of Agriculture and Food Security, Datuk Seri Mohamad Sabu, observed that panic buying has recently occurred as a result of the spike in the price of imported rice, which has increased demand for local rice. He said that initiatives are being taken to solve the local rice shortage and guarantee a sufficient supply at all times. “The situation has improved. However, our rice supply is insufficient because the country's self-sufficiency level is only 65%, with the remaining 35% still insufficient.” “Mada has just finished harvesting rice.” Before the rice is offered for sale, the following steps entail drying and processing it, he explained.

2. Government’s Fund Allocation Due to India's cessation of rice exports, the Agriculture and Food Security Ministry has noticed a trend among consumers to switch from purchasing imported rice to local rice. Concerns about food security, such as the availability of chicken eggs and the possibility of an onion shortage in the future, will continue to exist, according to Mohammed. “The food problem will not go away, and disruptions in the rice supply will continue,” he said. In related news, he encouraged residents' associations to apply for the RM1 billion Madani Community Fund, which is managed by the Prime Minister's Department. “The funds have been allocated by the government. So, apply early because it will be available starting next month.” Prime Minister Datuk Seri Anwar Ibrahim declared on November 25 that RM1 billion would be set aside to boost the rural economy. Mohammed clarified that the ministry has an RM400 million allotment under the food security program in relation to the allocation. He clarified, saying, “The Finance Ministry presents the community fund mentioned in the 2024 Budget, but the allocation is for general purposes.” Mohamad also urged urban dwellers to participate in food security initiatives by establishing community gardens in public spaces during his visit. He proposed that open fields close to residential areas could be used to grow cash crops for the community, like ulam, lemongrass, and chillies. If you are a white rice importer wishing to import white rice in bulk or a white rice exporter willing to export bulk white rice, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.