Malaysia’s rice import contract cannot be cancelled unilaterally, says deputy minister

KUALA LUMPUR, March 15 — The government cannot unilaterally cancel any contract to import rice into the country because it needs to consider the social obligations which...

KUALA LUMPUR, March 15 — The government cannot unilaterally cancel any contract to import rice into the country because it needs to consider the social obligations which Padiberas Nasional Berhad has agreed to implement, the Dewan Rakyat was told today.

The obligations include managing the country’s rice buffer stock, maintaining its role as the last padi purchaser at a minimum price, and managing padi price subsidy payments as well as the scheme for millers, Bumiputera wholesalers and farmers’ cooperatives. “The cost that Bernas needs to bear to continue with the implementation of all these obligations, whether directly or indirectly, is RM3.22 billion, and of this figure, RM1.85 billion involves farmers and RM1.37 billion is for industries and consumers.

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