Area
Malaysia
Commodity Group
Rice
Commodity
All
Date
10/10/2014
Policy Category
Production
Policy Instrument
Budgetary allocations, production support
Description
As part of its budgetary allocations for 2015, announced that Ringgit 6 billion (USD 1.8 billion) would be set aside for the Agriculture and Agro-based Industry to, among others, establish farmer markets and extend credit assistance through the Farmers Organisation Authority. Additional measures include support to cultivation of 26 000 hectares of paddies through the establishment of four new Integrated Agriculture Development Areas, via a Ringgit 100 million (USD 30 million) outlay, and the introduction of a special subsidy for farmers cultivating hill paddies over 76 000 hectares in Sabah and Sarawak, via a Ringgit 70 million (USD 21 million) envelope.
Notes
Exchange rate as of 15 April 2014.
