Posted 9/28/2023, 2:16:00 AM
Malaysia Faces Rising Prices and Shortages As Global Rice Crisis Squeezes Budgets
- Global rice prices are surging, causing issues for Malaysia which imports 30% of its rice
- Consumers are switching to cheaper locally grown rice to deal with rising costs
- The rice shortage is squeezing household budgets that struggle with higher food prices
- The Malaysian government is implementing new programs to increase domestic rice production
- The country aims to reduce dependence on imported rice to enhance food security