PETALING JAYA: The national action council on cost of living (Naccol) will discuss allegations of syndicates involving up to five major companies in the rice industry when it meets on Wednesday.
Bukit Gantang MP Syed Abu Hussin Hafiz Syed Abdul Fasal, who heads Naccol’s food prices and cost of living committee, said he was informed about the cartel through engagements with rice farmers, manufacturers, wholesalers, retailers and users.
Syed Hussin said he will bring the matter to the meeting so that “serious action” would be taken by the government.
“The companies involved control up to 80% of the local white rice market. The cartel buys padi at a high price, which is RM1,850 per tonne, and then raises the price of rice,” he claimed, according to Bernama.
“Some of these companies are selling local rice in imported rice packages. The actions of this cartel are…
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