PETALING JAYA: The price of imported white rice has increased by 36%, to RM3,200 from RM2,350 per metric tonne, says Padiberas Nasional Bhd (Bernas).
The new price, which took effect yesterday, is up by RM850 per metric tonne or RM0.85 per kg.
Bernas said the price adjustment was in line with current global pricing on the food staple.
“Bernas faced a challenging first half of the year due to unpredictable factors such as climate change, the weakening foreign currency exchange rate, high operating costs, and conflicts in the region.
“These factors had collectively left a significant mark on the global trading market and later, compounded by the ban of the export of white rice announced by India.
“However, due to the uncertainty of the current situation and after considering the need to ensure sustainable business operations and industry stability, the price adjustment is necessary and unavoidable for the time being,” it said in a statement yesterday.
The company said it had been absorbing the increasing price in the last few years.
Bernas also said it is working with the government and international trading partners to ensure a stable supply of rice for the country.
