tags - Sinar Daily

Ismail Sabri said Malaysia will buy wheat and wheat-related products from Turkiye and also explore reverse investment opportunities related to food products in the republic. Photo: BERNAMA ANKARA, July 8 -- Prime Minister Datuk Seri Ismail Sabri Yaakob spoke at a press conference today with Malaysian journalists to inform the outcomes of his four-day official working visit to Turkiye. Also present was Foreign Minister Datuk Seri Sarifuddin Abdullah (left). --fotoBERNAMA (2022) COPYRIGHT RESERVED

The weakness of the Ringgit increased the prices of goods, especially food, whose supply chain depends on imported materials. Illustration photo. Source: 123RF

Russia and Ukraine together account for almost a quarter of the global wheat supply but their ongoing war has disrupted the supply chain and caused a worldwide shortage.

The increase comes amid surge in food prices

Economists said an increase in interest rate is inevitable due to skyrocketing prices of food and goods at the moment which has become the main bone of contention among Malaysians. - Photo: BERNAMA

Annuar said MDEC had successfully attracted investments worth more than RM384 billion, generated revenue of almost RM600 billion, recorded total exports of RM212 billion, and created more than 180,000 high-value jobs. Photo: BERNAMA

Illustrative purposes only (123rf)

Million tons of grain like corn and wheat are trapped in Ukraine because of Russia's ongoing blockade of its ports, deepening crisis for Ukrainian farmers and a threat to global food security. - Illustration photo.

Sabah Fisheries Department deputy director (development) Azhar Kassim said the Sabah seaweed industry has great potential with revenue from raw seaweed reaching RM50 million to RM60 million a year with productions of around 18,000 metric tonnes a year over the past three years. - BERNAMA