Latest news with #AgroMadaniSales
Malay Mail
20-05-2025
- Business
- Malay Mail
Cap Feri rice brand helps 48,000 B40 households in Penang, says exco
GEORGE TOWN, May 20 — The Cap Feri rice launched last December has benefited 48,000 individuals in the B40 income group within its first three months, according to Penang executive councillor Fahmi Zainol. Fahmi, who chairs the state's Agrotechnology, Food Security and Cooperative Development Committee, said the rice is sold at various centres across the state that are easily accessible to the B40 group. 'As of March 20, a total of 16,000 bags (80 metric tonnes) of Cap Feri rice have been sold, generating RM272,000 in sales revenue,' he said in response to a question from Izhar Shah Arif Shah (Bersatu–Seberang Jaya). He said the brand was well received to its retail price of RM17 for a 5kg bag, making it one of the cheapest options on the market. 'The Cap Feri brand was introduced to meet the demand for good quality rice at a lower price, especially for the B40 group in the state,' he said. He noted that the brand remains in its trial phase and still uses imported rice to offset the ongoing shortage of local rice. Cap Feri rice is available exclusively through Agro Madani Sales programmes organised by the Federal Agricultural Marketing Authority (FAMA), the Farmers' Organisation Authority (LPP), and the Malaysian Fisheries Development Authority (LKIM), ensuring direct distribution to the B40 community. Fahmi said the rice has typically sold out within two hours at the 32 Agro Madani events held throughout the state. However, he said the state government has not conducted any public monitoring or surveys to assess the programme's success due to financial limitations, but would do so if this becomes necessary.
Free Malaysia Today
30-04-2025
- Business
- Free Malaysia Today
Govt cuts egg subsidies by half, targets complete removal by Aug 1
Between February 2022 and December last year, the government spent nearly RM2.5 billion on egg subsidies to help the industry manage higher production costs due to Covid-19 and the Ukraine-Russia war. PETALING JAYA : The government has decided to end the price controls on chicken eggs and reduce the subsidies from 10 sen to 5 sen per egg, effective tomorrow. In a statement, the agriculture and food security ministry said the subsidy for chicken eggs would be fully removed from Aug 1. 'This decision was made after taking into account the industry's commitment to ensuring sufficient and stable egg production, as production costs have stabilised. 'This was evident during the recent Aidilfitri festive season, where supply remained adequate and prices were competitive,' it said. The ministry said that to minimise the impact of the decision, it would collaborate with the domestic trade and cost of living ministry for the introduction of a special grade of egg at an affordable price. It also said that consumers could continue to buy eggs at competitive prices through Agro Madani Sales and Rahmah Sales programmes nationwide. Last October, its minister Mohamad Sabu said Putrajaya was considering ending subsidies for chicken eggs if the supply stabilised. The savings could then be redirected to develop other critical agro-food sectors, he said. In June 2024, Prime Minister Anwar Ibrahim announced that the government had decided to reduce the retail price of grade A, B and C eggs nationwide by 3 sen. This subsidy scheme involved an expenditure of RM100 million. The government initially planned to float egg prices in July 2023, but postponed the move due to concerns about potential price increases and the impact on consumers. Between February 2022 and December last year, the government spent nearly RM2.5 billion on egg subsidies to help the industry manage higher production costs due to Covid-19 and the Ukraine-Russia war. The ministry said today that the government considered prolonged price controls and subsidies unsustainable for both the long-term viability of local egg producers and the country's fiscal health. It said rationalising subsidies was the fairer approach, as subsidies are currently also enjoyed by foreign nationals and high-income groups. 'The savings from this initiative can be redirected to fund targeted projects that promote public well-being, in line with Madani values,' it added. The domestic trade and cost of living ministry will also step up efforts through continuous monitoring to curb profiteering and price manipulation by irresponsible traders, it said.
