Trade and markets
 

Detail

Area
Malaysia
Commodity Group
Rice
Commodity
All
Date
01/10/2013
Policy Category
Production
Policy Instrument
Budgetary allocations/ production support/tax policy
Description
As 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.