The Malaysia Competition Commission (MyCC) has completed its investigation report on allegations surrounding cartels in the paddy and rice industry, announced Fuziah Salleh on Wednesday (Nov 6).
The Deputy Minister of Domestic Trade and Cost of Living also told the Dewan Rakyat that action had been previously taken against chicken feed cartels which affected chicken prices.
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The Deputy Minister of Domestic Trade and Cost of Living also told the Dewan Rakyat that action had been previously taken against chicken feed cartels which affected chicken prices.
Read more at https://tinyurl.com/ya7s3m5a
WATCH MORE: https://thestartv.com/c/news
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NewsTranscript
00:00Thank you, Mr. President, for mentioning the food prices.
00:04As I said earlier, in 2022, the price of chicken was out of control.
00:10It was 9.40 ringgit, a ceiling price that no one could sell.
00:14And they increased the price to 1 ringgit, so they sold it for 10.40 ringgit.
00:18That was because of the animal food cartel, which had already been prosecuted in court
00:26for what had been done by MyCC.
00:29So, regarding rice and farmers,
00:33I would like to inform you that MyCC has already prepared a report
00:40on their investigation into the rice and paddy cartel.
00:44But I cannot reveal it here yet, until the official report is released.
00:49But it has already been resolved,
00:53regarding the use of rice and paddy cartels,
00:56and the possibility of misuse of the dominant population
01:00by companies that control the supply of seeds, imports, and so on.