Impact of rising rice price negligible

Irwan arranged bags of imported rice at his outlet in Tampoi, Johor. — THOMAS YONG/The Star

KUALA LUMPUR: CGS-CIMB Research says it is maintaining its consumer price index (CPI) projection for Malaysia at 2.8% this year, as it believes the impact of the rising price of rice “still negligible on the index as the weightage is only at 1.1%.”

Malaysia currently has 900,000 tonnes of rice stockpiled, equivalent to four to five months of supply.