Will Bernas monopoly on rice imports be investigated?

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Bernas' Monopoly on Rice Imports May Face Government Scrutiny

The Malaysian government is considering an investigation into Padiberas Nasional Bhd's (Bernas) alleged monopoly over rice imports. Prime Minister Datuk Seri Anwar Ibrahim indicated that past agreements with Bernas may require renegotiation to address concerns about market control and import prices. The immediate priority is to ensure that the prices of imported rice are managed to prevent any upward trends.
Potential Investigation into Bernas' Market Dominance

Prime Minister Datuk Seri Anwar Ibrahim has stated that the government might examine the alleged monopoly held by Padiberas Nasional Bhd (Bernas) concerning the importation of rice into Malaysia. This consideration follows accusations that Bernas has been monopolising the market, leading to public concern.
Renegotiation of Existing Agreements

Anwar highlighted the possibility of renegotiating previous deals or agreements that were established with Bernas several years ago. He noted that such negotiations would be necessary to address the current market situation and ensure fair practices.
Controlling Import Prices

The Prime Minister stressed the urgent need for the government to maintain control over the prices of imported rice. This measure is crucial to prevent any further increases in the cost of rice for consumers, particularly during challenging economic times.
Public Concerns Over Rice Costs

Allegations regarding Bernas' market control and its impact on consumers were brought to the forefront by the managing director of Mydin, Datuk Ameer Ali Mydin. He accused Bernas of exacerbating public distress by manipulating rice prices and urged the government to dismantle the monopoly and reduce rice costs.

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Will Bernas monopoly on rice imports be investigated?

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