{"id":1686,"date":"2022-05-24T09:24:36","date_gmt":"2022-05-24T01:24:36","guid":{"rendered":"https:\/\/irdp.my\/?p=1686"},"modified":"2022-05-24T10:01:50","modified_gmt":"2022-05-24T02:01:50","slug":"fighting-food-inflation","status":"publish","type":"post","link":"https:\/\/irdp.my\/bm\/fighting-food-inflation\/","title":{"rendered":"Fighting food inflation"},"content":{"rendered":"
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Originally Published at:\u00a0<\/p>

https:\/\/www.thestar.com.my\/business\/business-news\/2022\/05\/24\/fighting-food-inflation<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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PETALING JAYA: Considering the external factors, Institute for Research & Development of Policy (IRDP) senior advocacy officer Ammar Atan acknowledged that Malaysia, or any other country, cannot fully tackle food inflation.<\/p>

\u201cBut this does not mean that the government\u2019s hands are tied.<\/p>

\u201cThe only progressive way to deal with food inflation is to help producers lower their burgeoning cost of production. One way to do this is through increased subsidies on raw materials.<\/p>

\u201cWhile I understand that subsidies will hurt the already limited fiscal space, the government has no other choice for the sake of protecting Malaysians.<\/p>

\u201cThe government can consider reallocation of Budget 2022 or fund the subsidies through borrowings,\u201d he told StarBiz.<\/p>

Ammar also urged the government to help producers secure fast and cheap working capital financing.<\/p>

Such an approach would help the producers expand their operations without being bogged down by cash flow constraints.<\/p>

\u201cIncreased production will lower unit cost of production.<\/p>

\u201cBut of course, expansion of production would be counterproductive if the government does not accelerate the approval of foreign workers.<\/p>

\u201cI recommend that the government prioritise approval of foreign workers into sectors that are involved in the production of basic food,\u201d he said.<\/p>

When asked whether the government should announce another round of cash handouts in response to rising food inflation, Ammar said food vouchers would be a better option.<\/p>

\u201cBy giving out food vouchers, we would know that the assistance will be utilised in the way it is intended to,\u201d he said.<\/p>

Yesterday, following the Cabinet meeting, Prime Minister Datuk Seri Ismail Sabri announced that four short-term measures will be taken to resolve the issue of chicken supply and prices, including to stop Malaysia\u2019s monthly export of 3.6 million chickens from June 1.<\/p>

Buffer stocks will also be created to optimise cold storage facilities owned by the Agriculture and Food Industries Ministry as well as its agencies.<\/p>

The Cabinet also decided to lift the requirement for APs for chicken imports, including for whole birds and parts.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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