What proactive measures is the government taking on food prices?

Question

Accepted Answer

The government is using subsidies for key food-industry inputs to stabilise basic prices within a week or two
The Ministry of Agriculture and Food Industries (MAFI) said food prices for basic necessities are expected to stabilise in a week or two. Deputy Agriculture and Food Industries Minister II Dr Nik Muhammad Zawawi Salleh linked the expected stabilisation to proactive government measures announced on Thursday, centred on providing subsidies to basic food industry players.
Subsidies are being provided to raw chicken importers
MAFI stated that subsidies are given to importers of raw chicken. The aim is to help imported goods enter the country at subsidised prices so that appropriate price levels can be enjoyed.
Subsidies also cover vegetable importers
The government is also providing subsidies to importers of vegetables. This is part of the same approach described as helping address problems affecting the community and supporting steadier pricing for basic necessities.
Subsidies extend to chicken feed and pesticides sellers
Beyond imports, subsidies are provided to companies that sell chicken feed and pesticides. The minister said these measures are intended to overcome issues plaguing the community and to enable imported goods to come in at subsidised prices.
MAFI ties the current price situation to Covid-19 and asks for patience
MAFI also said the current increase in prices is linked to the Covid-19 pandemic, which raised the price of goods worldwide. While urging patience, the ministry reiterated its assurance that basic necessity prices will stabilise in a week or two through these subsidy steps.

Reading history

Hide →

This history is cleared when the page is closed.

What proactive measures is the government taking on food prices?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends