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PRINCIPAL
ACTIVITIES
The principal activities of the Company are those of the
importation of rice, activities in relation to the
distribution of rice and investment holding.
Pursuant to the Privatisation Agreement between the
Company and the Government of Malaysia dated 12 January
1996 ("the Privatisation
Agreement"), the Company shall also ensure the
maintenance of the sufficient supply of rice at
reasonably fair and stable prices.
The Company's obligations under the Privatisation
Agreement also include the maintenance of the rice
stockpile, the distribution of paddy
price subsidies to farmers on behalf of the Government,
the management of the Bumiputra Rice Millers Scheme and
acting as a buyer
of last resort at the Guaranteed Minimum Price of paddy.
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