THE huge allocation and subsidies for padi cultivation under Budget 2010 signal Malaysia’s serious commitment towards restoring its self-sufficiency level (SSL) for the commodity, which is heading towards a severe supply shortage worldwide.
Asian rice stocks are said to be near danger level. On the other hand, the world’s grain stocks have shrunk by half since 1999, from a reserve big enough to feed the entire world for 116 days then, to a predicted low of only 57 days by year-end.
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