Has the panic buying of white rice truly ended in Malaysia?

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Panic Buying Trend for White Rice Has Significantly Abated in Malaysia

The trend of panic buying for white rice in Malaysia has substantially reduced, with local market supply returning to a stable condition this week. This positive development is attributed to a decrease in panic purchasing by both consumers and traders compared to the previous week. The Federal Agricultural Marketing Authority (Fama) has been actively distributing local white rice, supplying 400 metric tonnes monthly and an additional 1,100 metric tonnes through its networks to meet public demand.
Abatement of Panic Buying Trend

Deputy Minister of Agriculture and Food Security Chan Foong Hin stated that the panic buying phenomenon has "almost diminished." This observation was made based on the current market conditions, which show a return to stability in the supply of local white rice. The reduction in urgent purchasing behaviour by consumers and traders alike has been identified as the primary factor contributing to this normalised situation.
Fama's Distribution Efforts

To address and stabilise the supply, the Federal Agricultural Marketing Authority (Fama) has implemented significant distribution measures. Fama's operations centre has been distributing approximately 400 metric tonnes of local white rice each month. Furthermore, an additional 1,100 metric tonnes have been channelled through Fama's extensive networks to ensure adequate availability for the public.
Investigations by KPDN

Regarding concerns about potential exploitation during the shortage, the Ministry of Domestic Trade and Cost of Living (KPDN) has conducted numerous operations. These extensive investigations have reportedly found no instances of wrongdoing or irregularities related to traders taking advantage of the local white rice situation. The ministry's findings suggest that the market issues were not driven by exploitative practices.

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Has the panic buying of white rice truly ended in Malaysia?

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