They say manufacturers who previously paid RM1,700 per tonne reduced it to RM1,250 from Oct 3 — nearly reaching the floor price.
Padi farmer Lim Han Bon said the low floor price was putting pressure on farmers as not all of them had good harvests due to the weather and recent pest attacks.
“We appreciate any improvement as prices have remained unchanged for a considerable period,” he said at a press conference here today. “With the current price of RM1,250, it’s simply not sustainable; it doesn’t even cover our high farming costs.
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