Trade and markets
 

Detail

Area
Malaysia
Commodity Group
Rice
Commodity
All
Date
21/10/2016
Policy Category
Production
Policy Instrument
Budgetary allocations/ Production support
Description
Announced that MYR 1.3 billion (USD 291 million) would be allocated to continue subsidies on fertilizers, seeds and prices for rice producers, as part of its 2017 budgetary allocations. A similar amount would additionally go to boost food production through infrastructural improvements, such as the expansion of irrigation and drainage infrastructure, farm roads, paddy estates, and to enhance marketing of produce.
Notes
Exchange rates as of 1 December 2016.