The bright side of global food price increases

PENANG: The global price increase for commodities and food is a blessing to the country's economy as the agriculture sector is now generating better revenue. Second Finance Minister Tan Sri Nor Mohamed Yakcop said commodity and agriculture product prices had risen higher than those of manufactured products and services over the years, which was a good sign to the country's economy.

"The trend is a positive reversal for the agricultural sector, because the global price increase can be translated into better income for local farmers especially those in the palm oil industry.