© Nikkei Markets
KUALA LUMPUR (Oct 17) — Malaysia plans to liberalize next year 30% of the rice supply chain that will be the first step to break the monopoly of Padiberas Nasional Bhd, or Bernas, the federal agriculture minister said Wednesday.
“This is a soft landing strategy so that we can end the monopoly by 2021,” Salahuddin Ayub said in parliament.
According to a concession agreement Bernas remains the sole importer and supplier of rice until 2021.
– By Gan Pei Ling
– Edited By Abhrajit Gangopadhyay