Malaysia has rice stocks for 2.5 months as Vietnam curbs exports

(Source Reuters) 

By Mei Mei Chu

KUALA LUMPUR, March 27 (Reuters) – Malaysia’s has enough rice to last two and a half months, the Ministry of Agriculture and Food Industry told Reuters on Friday, after Vietnam suspended exports to feed its own people amid the coronavirus epidemic.

Vietnam, the third largest rice exporter, on Wednesday said it would not sign any new rice export contracts until March 28 to ensure sufficient domestic supplies, raising concerns about global food security.

Malaysia, a net rice importer, said its food supply was sufficient as it entered the second week of a one-month restricted movement order, including closing borders and requiring non-essential businesses to shut, in a bid to stop the virus.

The country has 500,000 tonnes of rice stocks and consumes 200,000 tonnes a month, according to data from the Agriculture and Food Industries Ministry provided to Reuters.

“Bernas acted early to secure rice export contracts until May 2020 from Vietnam even though it was at a high price,” the ministry said, referring to the national rice agency.

“Our next step is to also purchase rice from other countries including Pakistan, India, Myanmar and Thailand,” it said.

Malaysia, the 22nd largest rice consumer in the world, farms its own rice but also imports 30-40% of its requirement to feed its population of 32.6 million.

The number of confirmed coronavirus infections in Malaysia has doubled this week to more than 2,000, the highest in Southeast Asia, with 23 deaths.

Below are food stocks in Malaysia as of March 25, according to the ministry:

  • Stockpile /Consumption
  • Rice / 500,000 tonnes / 200,000 tonnes month
  • Chicken / 59,000,000 chicken / 43,000,000 chicken a month
  • Eggs / 800,000,000 eggs / 620,000,000 eggs a month
  • Meat / 25,000 tonnes / Enough to meet current needs
  • Fish / 150,000 tonnes / Enough to meet current needs
  • Vegetables / 235,681.2 tonnes a month
  • Fruits / 128,282.8 tonnes a month
  • Fresh milk / 5,100,000 litre a month
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10/08/2026
Country Rice Price (USD/MT,FOB) +/
Min Max
VIETNAM Fragrant 5% broken 500 505 +5
Jasmine 538 542
100% broken 370 374
THAILAND 5% broken 450 454
100% broken 374 378
INDIA 5% broken 360 364
100% broken 292 296
PAKISTAN 5% broken 401 405
100% broken 310 314
MYANMAR 5% broken 466 470
From 30/07/2026 – 06/08/2026 (đồng/kg)
Rice Max Price Average + Weekly
Paddy un the field
Fragrant 6.850 6.636 -121
Regular 6.550 6.343 -4
Rice
Brown rice grade 1 10.650 10.229 -83
Brown rice grade 1 9.850 9.782 39
Milled rice grade 1 11.850 11.515 -70
Milled rice grade 2 10.850 10.810 -20
Byproducts
Broken 1/2 8.625 8.529 57
Bran 7.850 7.768 -111

Exchange Rate

Ngày 10/08/2026
Currency Code Currency  Name Units per USD
CNY Chinese Yuan Renminbi 6,75
EUR Euro 0,87
IDR Indonesian Rupiah 17.824,45
MYR Malaysian Ringgit 4,09
PHP Philippine Peso 60,72
KRW South Korean Won 1.408,16
JPY Japanese Yen 157,83
INR Indian Rupee 95,19
MMK Burmese Kyat 2.099,55
PKR Pakistani Rupee 277,78
THB Thai Baht 32,96
VND Vietnamese Dong 26.207,39