AreaMalaysia

Commodity GroupRice

CommodityAll

Date01/10/2013

Policy CategoryProduction

Policy InstrumentBudgetary allocations/ production support/tax policy

DescriptionAs part of its 2014 budgetary allocations, announced that Ringgit 2.4 billion (USD 737 million) would be earmarked to rice production incentives, including price support and subsidies on fertilizers and seeds. Incentives to raise yields and boost fragrant rice production will also continue under a Ringgit 634 million (USD 195 million) allotment to the National Key Economic Areas initiative. Rice, along with other basic necessities, will furthermore remain free of the Goods and Services Tax.