Malaysia spends over 500 mln USD annually to support rice farming
The Malaysian government spends a total of 2.2 billion RM (about 523 million USD) a year to assist rice farmers, said the country’s Deputy Minister of Agriculture and Agro-based Industry.
Kuala Lumpur (VNA) - The Malaysian government spends a total of 2.2 billion RM (about 523 million USD) a year to assist rice farmers, said the country’s Deputy Minister of Agriculture and Agro-based Industry Tajuddin Abdul Rahman.
Tajuddin said the incentives include the provision of seeds, fert🎉ilisers, rice price subsidies and other assistance.
Accordingly, each hectare of paddy is provided with 140 kg of seeds, 16 bags of urea fertiliser and insecticide, with total cost of 560 RM (133 USD).
Apart from that, the government also provides additional fertilisers, such as NPK, foliar, growth enhancer and others.
Rice farmers also enjoy subsidised rice price which is currently at 248 RM (59 USD) per tonne, but beginning next year it will be increased to 300 RM (71 USD) per tonne, he added. According to the Agrocharts.com, Malaysia’s rice output is forecast to reach 1.81 million tonnes in the 2015-2016 crop.
Annually, the country imports about 1million tonnes of rice, mainly from Thailand, Vietnam, Pakistan, Indonesia, and Cambodia.
Last year, Thailand shipped n𝐆early 580,000 tonnes of rice to Malaysia while Viet🌄nam sold to the country 321,000 tonnes.-VNA
Malaysia has imported nearly 30 percent of the national rice requirements, Secretary General of the Ministry of Agriculture and Agro-based Industry Hashim Abdulla announced on November 26.
Malaysia's Deputy Agriculture and Agro-based Industry Minister Tajuddin Abdul Rahman has said Malaysia is capable of producing 3.4 million tonnes of rice per year by 2020 at an average yield of 10 tonnes per ha, reported Bernama.
Deputy Minister of Industry and Trade Tran Tuan Anh led a delegation to visit Malaysia from June 11-12 in a bid to promote economic cooperation between the two countries.
Secretary General of the Association of Southeast Asian Nations (ASEAN) Le Luong Minh has underlined the need to boost food security and nutrition in the region in the context of growing population and global demand for food.
Malaysia is aiming to achieve rice self-sufficiency and end rice imports by 2020, Bernama news agency quoted Malaysian Minister of Agriculture and Agro-based Industry as saying on May 13.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustration photo. (Source: Internet))
