Why the need to privatise Bernas?
COMMEN T From Bernas’ 2012 Annual Report, revenue for the group was RM3.6 billion while profit was RM117 million in 2012. Global rice prices which have fallen from its 2008 peak of more than US$1,000 per tonne to about US$390 per tonne today are expected to drop even further as the beleaguered Thai government plans to flood the market with rice.
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