PRESS RELEASE
For Immediate Release
BERNAS Reduces Price of Imported White Rice Effective 1 December
The initiative aligns with the strengthening Ringgit and prevailing global market prices
SHAH ALAM, 30 November – Padiberas Nasional Berhad (BERNAS) welcomes the government’s decision to reduce the price of Imported White Rice (BPI) as part of the MADANI administration’s proactive measures to address the cost of living for Malaysians.
In line with the announcement by the Minister of Agriculture and Food Security, YB Datuk Seri Haji Mohamad Sabu, on Friday, BERNAS will implement a price reduction at its warehouse gates in Peninsular Malaysia from RM3,000 to RM2,800 per metric tonne, effective 1 December 2024.
This reduction aligns with the strengthening of the Ringgit against the US Dollar and is further supported by the recent lifting of the export ban on non-basmati white rice by the Indian government. It also takes into consideration the latest market prices for International White Rice (IWR).
Earlier this year, in March 2024, BERNAS reduced the BPI price from RM3,200 to RM3,000 per metric tonne, despite price trends hovering at their highest levels over the past 15 years. This underscores BERNAS’ commitment to working closely with the Ministry of Agriculture and Food Security (MAFS) and industry stakeholders to ensure product availability and uphold food security objectives.
Currently, Malaysia continues to offer the lowest prices for imported rice in Southeast Asia. BERNAS remains committed in adopting a proactive approach to monitoring global market conditions and adjusting prices as necessary.
About BERNAS
Established in 1994, BERNAS assumed the pivotal role of custodian for Malaysian paddy and rice, succeeding the corporatised Lembaga Padi dan Beras Negara (LPN). With over three decades of dedicated service, BERNAS has emerged as a cornerstone in Malaysia's paddy and rice industry, earning recognition as a steadfast partner in promoting food security and sustainability.
At the heart of our mission is the enduring slogan, "Nourishing the Nation," epitomizing our unwavering commitment to delivering premier products and services to our homeland. Grounded in the principles of Integrity, Customer Focus, and Teamwork, we uphold our responsibilities with utmost dedication, harmonizing the needs of all stakeholders and maintaining the highest standards of quality throughout our comprehensive supply chain.