The study of Affordability of Vegetables in Malaysia
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Date
2015-05
Authors
Hallaj Rahmatullah, Shafeeq
Journal Title
Journal ISSN
Volume Title
Publisher
Universiti Sains Malaysia
Abstract
The affordability of foods has become a major concern for global population due to its upward trend of prices in recent years. The affordability of foods is crucial in the development of a nation because proper diet is required to lead a healthy lifestyle that will spur the population to improve, innovate and develop ideas that should eventually result in the advancement of a nation. As vegetables are the source of multitude of nutrients and minerals that invigorates the body and the mind, the consumption of vegetable is therefore vital. Affordability is related to price, which then determines the willingness of a person to buy food, or more specifically, vegetable. Thus, research is henceforth done to study the factors affecting the pricing of vegetables. It was found that increase in acreage, yield rate and government expenditure positively contributed to the reduction of the prices of vegetables with acreage showing the biggest influence among the observed variables. Increase in Foreign Direct Investment causes the prices of the vegetables to increase marginally. Thus, the affordability of vegetables in Malaysia could be further improved by strategizing these four factors synergistically to the benefit of Malaysians as a whole.
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Keywords
The affordability of foods