There is no cartel controlling price of rice, padi seeds, says Food Security Ministry

KUALA LUMPUR: The Agriculture and Food Security Ministry has denied allegations of the existence of a cartel or mafia that controls the prices of rice and paddy seeds in the country.

In a statement Thursday (Jan 4), the ministry clarified that the country's rice industry was regulated by the Kawalselia Padi dan Beras (KPB) regulatory body through the Rice Control Act 1994 (Act 522).