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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22/06/2026
CountryRicePrice (USD/MT,FOB)+/-
MinMax
VIETNAMFragrant 5% broken495500
Jasmine
505509
100% broken345349
THAILAND5% broken477481
100% broken414418
INDIA5% broken348352
100% broken280284
PAKISTAN5% broken390394
100% broken322326
MYANMAR5% broken456460
From 07/05/2026 – 14/05/2026 (đồng/kg)
Rice Max Price Average +/- Weekly
Paddy un the field
Fragrant 6.750 6.329 214
Regular 6.450 5.950 196
Rice
Brown rice grade 1 10.150 9.567 -108
Brown rice grade 1 9.650 8.914 96
Milled rice grade 1 11.650 11.340 -35
Milled rice grade 2 10.350 10.130 -110
Byproducts
Broken 1/2 7.950 7.700 114
Bran 7.750 7.207 504

Exchange Rate

23/06/2026
Currency CodeCurrency NameUnits per USD
CNYChinese Yuan Renminbi6,77
EUREuro0,87
IDRIndonesian Rupiah17.830,62
MYRMalaysian Ringgit4,15
PHPPhilippine Peso61,05
KRWSouth Korean Won1.538,08
JPYJapanese Yen161,52
INRIndian Rupee94,58
MMKBurmese Kyat2.099,39
PKRPakistani Rupee278,21
THBThai Baht32,96
VNDVietnamese Dong26.300,86