Why are consumers advised against panic buying of essential goods?

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Consumers Advised Against Panic Buying Due to Sufficient Essential Goods Supply

Consumers are being advised against panic buying of essential goods because the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has assured that there is an adequate supply nationwide. This reassurance comes in response to the public's behaviour following the announcement of a nationwide Movement Control Order to curb the spread of Covid-19. To ensure this adequate supply is maintained and accessible, KPDNHEP has mobilised a significant number of enforcement officers.
Adequate Supply of Essential Items Assured

The Ministry of Domestic Trade and Consumer Affairs has confirmed that the country possesses a sufficient quantity of essential items. This information underpins the advice given to the public that there is no necessity to purchase more than usual or to overstock their homes. The ministry's assessment indicates that current stock levels are adequate to meet demand throughout the period of the Movement Control Order.
Nationwide Enforcement Deployed to Monitor Retailers

In an effort to maintain the availability of goods, Datuk Alexander Nanta Linggi, the Minister of Domestic Trade and Consumer Affairs, has directed all 2,500 enforcement officers across the nation to actively monitor supermarkets and convenience stores. These officers are tasked with ensuring that retailers continuously restock their shelves with essential items and refrain from implementing price increases. This measure aims to prevent artificial shortages and price gouging.
Context of Movement Control Order

The advisory against panic buying is directly linked to the nationwide Movement Control Order, which commenced on March 18 and is scheduled to last until March 31. This unprecedented order was instituted by Prime Minister Tan Sri Muhyiddin Yassin to control the transmission of Covid-19. The public's response to this announcement has included a surge in demand for essential goods, prompting the ministry's intervention.

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Why are consumers advised against panic buying of essential goods?

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