Large firms urged to look into food production

MYT 6:42:04 PM

MALACCA: Large local corporations should look at ways to tap their land resources for food crop production to complement the Government's strategy to stockpile food and to counter rising global food prices.

Prime Minister Datuk Seri Abdullah Ahmad Badawi said that striving for self-sufficiency with regard to the nation’s food supply is a priority following the recent global food crisis and increasing price of specific commodities.

“We must address these issues or it will have a negative impact on our rakyat (citizens),” he said in his speech when officiating the Amanah Saham Malaysia Week celebrations held at the Melaka International Trade Centre here on Sunday.

For a start, he said that Permodalan Nasional Berhad could hold discussions with its related companies to identify viable crops and how best to utilise its land for investment in food production.

“Apart from palm oil and rubber, there are other areas in the agriculture sector that could be considered for food crop production,” he said, adding that such economic activities could also result in investment returns for the companies in the future via exporting of their produce.

Abdullah reiterated the RM4bil food security plan is aimed not only at alleviating food shortages but also at increasing production output to ease farmer's burdened by the rising cost of fertilisers.

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