Area
Malaysia
Commodity Group
Rice
Commodity
All
Date
06/11/2020
Policy Category
Production
Policy Instrument
Budgetary allocations/ Production support
Description
Announced that MYR 960 (USD 233) million would be allocated to assist paddy production through basic input assistance, as part of its 2021 budgetary allocations. An additional MYR 570 (USD 138) million would go to paddy price subsidies and MYR 40 (USD 10) million would provide fertilizer support for hill-paddy production. Further assistance measures included the extension of the Community Farming Programme, the Organic Agriculture Project, as well as financial support for the purchase of agricultural equipment and technology based on the Internet-of-Things and Industrial Revolution 4.0 through the e-Satellite Farm Programme and the Agrofood Value Chain Modernization Programme.
Notes
Exchange rate as of 15 May 2021.
