Area
Malaysia
Commodity Group
Rice
Commodity
All
Date
27/10/2017
Policy Category
Production
Policy Instrument
Budgetary allocations, production support
Description
Announced it would set aside MYR 6.5 billion (USD 1.6 billion) to support the agricultural sector, as part of its 2018 budgetary allocations. The sum would include MYR 2.3 billion (USD 562 million) to fund input assistance programmes for paddy producers, rubber farmers and fishers, further to improvements to irrigation and road infrastructure. Another MYR 150 million (USD 37 million) would go to channel a monthly outlay of MYR 200 (USD 49) to paddy farmers for three months preceding the harvest period.
Notes
Exchange rate as of 1 December 2017.
