The floor price of padi has been adjusted to RM1,500 per tonne, up from the RM1,300 per tonne prior to this and will take effect from Feb 16.
The Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said the government will also maintain the price of local white rice at RM2.60 per kg by absorbing approximately RM150mil in production costs for six months.
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The Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said the government will also maintain the price of local white rice at RM2.60 per kg by absorbing approximately RM150mil in production costs for six months.
Read more at https://tinyurl.com/6p7c49zv
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00The government does not want to force the farmers to defend the price of rice for the consumers.
00:07At the same time, it does not want to force the consumers to pay for the price of paddy fields.
00:16Therefore, I announce that the government agrees to increase the price of paddy fields from Rp. 1,300 to Rp. 1,500
00:30for each metric ton on 16 February 2025.
00:39This will increase the cost of taxes, inputs, agriculture, pesticides, etc.
00:46and impact on the cost of rice production and the price of rice in the market.
00:53I also want to inform that the KPKM
01:00is currently concluding a joint meeting with the Ministry of Trade and the Ministry of Finance
01:13to enable the appreciation of services in the paddy industry
01:18and rice is also eligible to receive subsidies in sales under the Budi Madani program.
01:30The government will maintain the price of local white rice at Rp. 2.60 per kilogram
01:53by absorbing some of the export costs of Rp. 150 million for 6 months.
02:00Rp. 150 million for 6 months to ensure the availability of local white rice supplies
02:22in around 24 million paddy fields and 10 programs in the market.
02:27The KPKM is currently concluding a joint meeting with the Ministry of Trade and the Ministry of Finance
02:32and it will be announced after the meeting is concluded in the near future.
02:38Once again, I emphasize that the government is committed to make the rice and paddy industry
02:47as the main support to the national food security with full support from all parties.
02:55I am confident that this agreement can be realized for the welfare of the current generation and the future.
03:02Let us all support all efforts to ensure that the agenda of the national food security
03:10remains as the priority at all times.