IF the request is approved, this would mean based on a Government to Government agreement, India would be supplying Malaysia, 670,000 tonnes of rice, when we take into account the READ : the 170,000 tonnes India is already selling to Malaysia on a Government to Government basis.
BASICALLY, this works out to about 89 per cent of Malaysia's average rice imports, although last year READ : Malaysia imported 1.3 million tonnes of rice.
EVEN at 1.3 million tonnes, if India is willing to supply Malaysia 670,000 tonnes of rice, it works out to 51.5 per cent of the nations rice imports.
IF this is indeed the case, that the Government of Malaysia will be directly responsible for the supply of more than 51 per cent of imported rice in 2024.
SO what's the point then in giving and MAINTAINING execlusive rights to the privately owned Bernas to import rights?
