Malaysia's Minister of Agriculture and Food Security assures the public that the country has a stable food supply and no need for panic buying, but warns that prices may increase in the coming months due to rising costs of fertilizer, animal feed, and fuel. The government is taking steps to mitigate these issues and maintain supply.
'No need to panic or overstock': Malaysia's minister says food supply stable but prices may rise Malaysia Minister for Agriculture and Food Security Mohamad Sabu has assured the public that there is sufficient food supply in the country, adding that there is no need to overstock.
Malaysia's food supply is currently stable, but prices may rise over the coming months, said Malaysia Minister for Agriculture and Food Security Mohamad Sabu on Sunday . In a statement posted on social media, he cautioned that rising cost of fertiliser, animal feed and fuel may push prices up in the next three to six months.
He said that livestock feed costs account for about 70 per cent of chicken production costs, while fertiliser may make up about 40 to 50 per cent of vegetable production costs. The minister assured Malaysians that the establishment of the National Economic Action Council has allowed the country to deal with such issues early, while ensuring that both food supply and prices are kept stable.
In a statement on Saturday, he said that Malaysia's rice stock is sufficient till the end of the year, while the country is self-sufficient for almost its entire chicken and eggs needs, pointing to his ministry's efforts in supporting and working with farmers as additional steps to ensure a sustainable supply of food.
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