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Malaysia Has Enough Cooking Oil Supply to Blunt Record Rally

  • Government has kept food prices low with subsidies: minister
  • Malaysia food inflation hit 4-year high of 3.6% y/y last month
A grocery store in Kuala Lumpur.

A grocery store in Kuala Lumpur.

Photographer: Ian Teh/Bloomberg
Updated on

Malaysia has adequate supplies of government-subsidized cooking oil to meet local demand and help blunt the impact of food inflation on lower income groups, according to Plantation Industries and Commodities Minister Zuraida Kamaruddin. 

“The rising costs in Malaysia and elsewhere is something we have expected, given the effect of the pandemic where price rises ripple through economies worldwide,” Zuraida said in reply to emailed questions.