Latest news with #PadiberasNasionalBhd
The Sun
15-05-2025
- Business
- The Sun
Bernas adjusts prices of imported white rice
SHAH ALAM: Padiberas Nasional Bhd (Bernas) has reaffirmed its role as a strategic partner in national food security by implementing the price adjustment for imported white rice (BPI). This is in line with the announcement made by the Agriculture and Food Security Minister Datuk Seri Mohamad Sabu. Effective yesterday, all BPI prices at Bernas warehouses across Peninsular Malaysia, Sabah, and Sarawak will be adjusted to RM2,600 per metric ton. However, the government's BPI subsidy programme for Sabah and Sarawak will continue as usual. In a statement, Bernas explains that this proactive measure reflects the company's continuous commitment to supporting the government's efforts in safeguarding the nation's food supply resilience and mitigating the impact of rising global market prices. This allows consumers to purchase imported rice at a lower price, thereby supporting efforts to ease the cost of living. Previously, on Dec 1, 2024, Bernas reduced the BPI price from RM3,000 to RM2,800 per metric ton. Malaysia continues to offer the lowest BPI prices in the Southeast Asian region. Bernas reassures that the nation's supply is sufficient to cater to domestic needs. The company highlights that it continues to source rice from other countries such as Vietnam, Thailand, and Myanmar. This diversified sourcing strategy is aimed at reducing reliance on a single source, safeguarding the national stockpile and ensuring the nation's rice supply remains secure. As the concessionaire under its agreement with the government, Bernas remains committed to managing a sustainable stockpile and ensuring the continuous availability of rice across the country. Bernas also remains committed to its social responsibility by supporting the farmers' community. Following Prime Minister Datuk Seri Anwar Ibrahim's February announcement, RM90 million in special aid was channelled by Bernas to the Agriculture and Food Security Ministry (KPKM) to support the Madani government's efforts to uplift underprivileged paddy farmers. The fund, entirely contributed by Bernas without the use of public funds, was disbursed in two phases. The first phase of RM60 million was released in stages, with the final installment of RM15 million completed on March 5. The additional RM30 million in cash aid was fully paid to the government on March 28. Bernas will continue to collaborate closely with KPKM and industry stakeholders, reinforcing its commitment to strengthening national food security. The company remains dedicated to supporting the ministry's long-term action plan, with a focus on prioritising farmers' welfare and ensuring the sustainability of the national rice supply.
The Sun
15-05-2025
- Business
- The Sun
BERNAS lowers imported white rice price to safeguard food security
SHAH ALAM: Effective today, the price of imported white rice (BPI) at all Padiberas Nasional Bhd (BERNAS) warehouses nationwide has been set at RM2,600 per metric tonne. In a statement, BERNAS said the government's BPI subsidy programme for Sabah and Sarawak will remain in place. BERNAS said the proactive move reflects its ongoing commitment to supporting government efforts to ensure national food security and mitigate the impact of global price hikes. 'This will allow consumers to obtain imported rice at a lower price, thereby helping to ease the cost of living for the people. 'This is the second price adjustment after the Dec 1, 2024 revision, which saw the BPI price at Peninsular warehouses reduced from RM3,000 to RM2,800 per metric tonne,' the statement read. Despite the latest revision, Malaysia still offers the lowest BPI price in Southeast Asia, it added. BERNAS also gave assurance that the country's rice supply is sufficient to meet consumer demand, as white rice is also sourced from countries such as Vietnam, Thailand and Myanmar. 'This approach is aimed at securing rice supply without dependence on a single source, while also protecting the nation's buffer stock,' it said. Yesterday, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu announced that the BPI price would be adjusted to RM2,600 per metric tonne at all BERNAS warehouses, effective today. Mohamad said the adjustment is the result of engagement sessions with BERNAS, taking into account various current factors, including global market developments and the need to ensure the continuity of the country's food supply chain.
The Sun
15-05-2025
- Business
- The Sun
BERNAS lowers imported white rice price
SHAH ALAM: Effective today, the price of imported white rice (BPI) at all Padiberas Nasional Bhd (BERNAS) warehouses nationwide has been set at RM2,600 per metric tonne. In a statement, BERNAS said the government's BPI subsidy programme for Sabah and Sarawak will remain in place. BERNAS said the proactive move reflects its ongoing commitment to supporting government efforts to ensure national food security and mitigate the impact of global price hikes. 'This will allow consumers to obtain imported rice at a lower price, thereby helping to ease the cost of living for the people. 'This is the second price adjustment after the Dec 1, 2024 revision, which saw the BPI price at Peninsular warehouses reduced from RM3,000 to RM2,800 per metric tonne,' the statement read. Despite the latest revision, Malaysia still offers the lowest BPI price in Southeast Asia, it added. BERNAS also gave assurance that the country's rice supply is sufficient to meet consumer demand, as white rice is also sourced from countries such as Vietnam, Thailand and Myanmar. 'This approach is aimed at securing rice supply without dependence on a single source, while also protecting the nation's buffer stock,' it said. Yesterday, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu announced that the BPI price would be adjusted to RM2,600 per metric tonne at all BERNAS warehouses, effective today. Mohamad said the adjustment is the result of engagement sessions with BERNAS, taking into account various current factors, including global market developments and the need to ensure the continuity of the country's food supply chain.
New Straits Times
15-05-2025
- Business
- New Straits Times
Bernas revises down price of imported white rice by RM200 to RM2,600 per tonne
KUALA LUMPUR: Padiberas Nasional Bhd (Bernas) has implemented the price adjustment for imported white rice (BPI) at RM2,600 per tonne effective May 15. The adjustment is made at all BPI prices at Bernas warehouses across Peninsular Malaysia, Sabah and Sarawak. The government's BPI subsidy programme for Sabah and Sarawak will continue as usual. Bernas said the measure reflects its continuous commitment to supporting the government's efforts in safeguarding the nation's food supply resilience and mitigating the impact of rising global market prices. Bernas had previously reduced the BPI price from RM3,000 to RM2,800 per tonne in December last year. Bernas reassured that the nation's supply is sufficient to cater to domestic needs. The company highlights that it continues to source rice from other countries such as Vietnam, Thailand and Myanmar. "This diversified sourcing strategy is aimed at reducing reliance on a single source, safeguarding the national stockpile and ensuring the nation's rice supply remains secure. "As the concessionaire under its agreement with the government, Bernas remains committed to managing a sustainable stockpile and ensuring the continuous availability of rice across the country," it said in a statement. Bernas also channelled RM90 million special aid allocation for paddy farmers, to the Agriculture and Food Security Ministry to support the government's efforts in improving the livelihoods of underprivileged farmers. The fund was disbursed in two phases. The first phase of RM60 million was released in stages, with the final instalment of RM15 million completed on March 5. The additional RM30 million cash aid was fully paid to the government on March 28.
The Star
15-05-2025
- Business
- The Star
Price of imported white rice reduced from today
PETALING JAYA: The price of imported white rice (BPI) nationwide will be set to RM2,600 per tonne from today. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu (pic) said the price reduction followed a meeting with Padiberas Nasional Bhd (Bernas), considering global market updates and the nation's food supply chain. 'This is the second price adjustment after the Dec 1, 2024, reduction, which went from RM3,000 to RM2,800 per tonne. 'At the same time, the BPI subsidy programme by the government for Sabah and Sarawak will continue,' he said yesterday. He added that the reduction resulted from strategic approaches by Bernas in sourcing rice from various countries such as Vietnam, Thailand and Myanmar, rather than relying on a single market. 'The ministry will continue to monitor market movement and ensure policies remain focused on the needs of the people and food security,' he said. Prior to Dec 1, 2024, the last price reduction was made in March last year, where Bernas reduced the BPI price from RM3,200 to RM3,000 per tonne in Peninsular Malaysia. Malaysia continues to offer one of the lowest prices for imported rice in South-East Asia.
