Abdul Rashid said that there is currently no indication of a significant impact on supply chains or market prices.
KUALA LUMPUR: Malaysia’s food supply and pricing remain stable for the time being, despite ongoing concerns regarding a prolonged global crisis, according to Federal Agricultural Marketing Authority (Fama) Director-General Abdul Rashid Bahri.
Speaking at the launch of Fama’s Harumanis sales and promotion programme today, Abdul Rashid said that there is currently no indication of a significant impact on supply chains or market prices.
He described the situation as being “under control,” noting that public complaints have been minimal.
Abdul Rashid acknowledged the volatile nature of global markets but reassured consumers that there is no immediate cause for alarm.
“The situation remains uncertain; at one moment the crisis appears to have eased, only for it to potentially worsen shortly after.
“However, for now, supply and prices are stable. We have not received many reports regarding food shortages. Any issues identified so far have been isolated incidents, and once brought to our attention, we intervene immediately,” he told reporters after launching Fama’s Harumanis sales and promotion programme, here today.
The Director-General added that the unpredictability of global geopolitical developments makes it challenging to forecast market conditions for the coming months.
He said to support farmers, Fama has implemented several measures, including direct purchases from producers, contract marketing programmes and a floor price mechanism to cushion against price drops.
“For instance, while prices in Cameron Highlands were expected to rise, they actually declined. In such scenarios, we purchase produce at the floor price, which covers the cost of production plus a modest margin.
“This ensures that our farmers can sustain their operations despite market fluctuations,” Abdul Rashid said.
