Malta launches scheme to keep prices stable

VALLETTA, May 9 (Xinhua) -- The Maltese government on Monday announced an emergency fund to stabilize the price of imported cereals, flour, and animal feed.

The Ministries of Finance and the Ministry for Agriculture, Fisheries and Animal Rights said in a joint statement that the Temporary Price Stabilization Subsidy Scheme is intended to guarantee local food security, and put the brakes on soaring food prices due to the disruption of global commodity markets.