Food prices likely to go up in 2nd half of 2026, says Mat Sabu

Food prices likely to go up in 2nd half of 2026, says Mat Sabu

The agriculture and food security minister says higher oil prices continue to affect the cost of logistics and agricultural materials.

Agriculture and food security minister Mohamad Sabu said the government is particularly concerned by increases in the price of grain and soy, the main components of chicken feed. (Bernama pic)
PETALING JAYA:
Food prices will likely increase in the second half of the year because of rising costs of fertiliser, livestock feed and logistics amid the global energy crisis, said agriculture and food security minister Mohamad Sabu.

He said that as the crisis continued to affect the nation’s food supply chain, the government is particularly concerned about increases in the price of grain and soy, the main components of chicken feed.

“We will monitor (the situation) for changes,” Kosmo quoted him as saying in Putrajaya.

Mohamad, also known as Mat Sabu, said the nation was dependent on imports of grain from Brazil and Argentina, among other countries.

He said Malaysia also imported rice from Pakistan, India and Bangladesh, and while there has been no delivery interruptions, higher oil prices continued to affect the cost of logistics and agricultural materials.

“The same goes for our supplies of fertiliser and urea. The global energy crisis is affecting everything,” he said.

Earlier today, Nurhisham Hussein, the senior economic adviser at the Prime Minister’s Office, said Malaysia’s oil supply might not return to normal until late this year or even 2027 as the Middle East conflict continues to disrupt global energy markets.

The former EPF chief strategy officer said the impact would persist even if the war ended anytime soon, as damaged supply chains and shut oil wells would take months to recover.

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