PUTRAJAYA: The Agriculture and Food Security Ministry (KPKM) will set the ceiling price for certified rice seeds under the Certified Rice Seed incentive at the wholesale level from RM54 to RM52 per 20-kilogramme pack and RM58 to RM56 at the retail level in Peninsular Malaysia, effective Tuesday (April 15).
The ministry said the adjustment was made after engagement sessions were held with farmers and producers.
"This decision is part of the ministry's efforts to ensure the welfare of rice farmers so they can get high-quality rice seeds at affordable prices and to ensure the continuous supply of certified rice seeds in the market for a balanced national rice industry ecosystem," the ministry said in a statement on Monday (April 14).
The ministry said all certified rice seed wholesalers and retailers have been instructed to adjust prices, respectively. It added that those found to be manipulating seed supply and prices, including refusing to sell, hoarding, imposing conditions on sales, and selling at prices exceeding the set ceiling price, will have their licences revoked. – Bernama
