Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

ECONOMY PRINCIPLE - DEMAND AND SUPPLY OF RICE INMALAYSIA

No description
by

AMIRA SHUKOR

on 6 December 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of ECONOMY PRINCIPLE - DEMAND AND SUPPLY OF RICE INMALAYSIA

INTRODUCTION

Rice is being the staple food and the pillar of our food security Malaysia
Strong economy growth with averaging of 6% – 7% each year since 2000.
Lifestyle changes have led to an increase in the demand for convenience food and health food.
Rice industry is one of the major source of food in most of the semi-urban and urban areas in Malaysia.
In recent development of agriculture in Malaysia, government policy complete producer subsidies and training program specifically on agri-food industries especially in the rice industry to encourage more people to participate in this industry as to boost more rice supply in Malaysia.
FACTORS THAT EFFECT SUPPLY AND DEMAND
Porter’s Five Forces Model


Using this five forces model as shown below in order to assess the structure of food demand in Malaysia, as we know:-
A) New Market Entrants
B) Power of Buyer
C) Power of Supplier
D) Competition Rivalry (Industry)
E) Substitutes and Complement

Market Analysis on Demand and Supply for Rice in Malaysia
Equilibrium is achieved when demand and supply curve meets, creating an intersection. Malaysia has not yet achieved this state but the government has planned and aimed to fulfill this as close as possible by year 2015 based on graph
ECONOMICS WAY OF THINKING
SUPPLY AND DEMAND OF RICE IN MALAYSIA
AMIRA BINTI ABUL SHUKOR (175459)
NURUL SYAMIMI BINTI MAT SAAD (176053)
BADRELDIN ABDELHAKIM (181214)
CONCLUSION
Production of rice though can be considered as high in Malaysia, still isn’t enough to fulfill its citizen’s needs
The demand of this grain in Malaysia depends on certain factors
Government is definitely taking actions to make sure Malaysia does not face with shortage of rice
Goverment provided so consumers are still able to purchase rice.
SUPPLY AND DEMAND OF RICE IN MALAYSIA

POWER OF SUPPLY
Law of demand, when the higher the price of a product, the lower the quantity demanded, and the lower the price of a product, the higher the quantity demanded.
Graph 2 shows the consumption of rice by Malaysians from 1960 to 2012.
Graph 3 below shows the price of rice in Malaysia from 2008 to 2013.
The graph shows an increment of consumption of rice, which was 1200 in 1960 to 2819 in 2012.
It is shown that the price of rice has dropped from RM 3,247.99 per metric ton in 2008 to RM 1,688.71 per metric ton in 2013.
A choice is tradeoff
Making rational Choice
Benefits gain from the decision taken
Cost you must give up
Choosing the margin
Choices respond to incentive
ELASTICITY
Full transcript