Malaysia warns of rising food costs as energy crisis drags on
Feed costs seen rising 8% as government steps up food security push
29 June 2026
1 minute read
By: Malaysia expects global energy markets to begin stabilising in the third quarter of 2026, though price and supply volatility will continue to affect the country for the next one to two years, Reuters reported, citing economy minister Akmal Nasir on Monday.
Akmal was speaking in parliament about Malaysia's efforts to mitigate the impact of the global energy crisis sparked by the war in Iran and the closure of the Strait of Hormuz.
The country's fuel supplies are sufficient to last until the end of August, with the government continuing efforts to secure additional reserves. A government task force has proposed 120 intervention measures to address the crisis, with 27 fully implemented so far, including adjustments to fuel subsidies and expanded financial assistance for small and medium-sized businesses.
Authorities are also stepping up efforts to boost food security. Fertiliser costs are expected to rise between 15% and 20%, while livestock feed prices are seen increasing by 8%, Akmal said. Malaysia's rice supplies are sufficient for five to six months, while supplies of chicken, fish, fruit, milk and eggs are enough for at least one month.
Malaysia's inflation rate stood at 2% in May, up slightly from 1.9% the previous month, with the economy continuing to be supported by strong domestic demand, Akmal said.
