AreaMalaysia

Commodity GroupRice

CommodityAll

Date29/10/2021

Policy CategoryProduction

Policy InstrumentBudgetary allocations/ Production support

DescriptionAnnounced that MYR 1.03 billion (USD 235 million) would go to provide rice price subsidies and rice production incentives, as part of its 2022 budgetary allocations. A further MYR 498 (USD 113) million would go to extend fertilizer and seed subsidies for rice, inclusive of MYR 40 (USD 9.1) million specifically destined for fertilizer support for hill-paddy production.

NotesExchange rate as of 15 May 2022.