MALACCA: Large local corporations should look at ways to tap their land resources for food crop production as a way to complement the Government’s move to overcome increasing food prices, said Datuk Seri Abdullah Ahmad Badawi.
The Prime Minister said striving for self-sufficiency was a priority following the global food crisis which has brought about high food prices.
“We must address these issues or it will have a negative impact on the rakyat,” he said in his speech when opening the Amanah Saham Malaysia Week celebrations held at the Malacca International Trade Centre yesterday.
For a start, Abdullah said Permodalan Nasional Bhd 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 can be considered for food crop production,” he said.
He added that such economic activities could also bring in returns for the companies in the future through the export of produce.
Abdullah said timing was crucial because cultivation of food required time, ranging from four to several months before yielding their harvest.
He said the RM4bil food security plan which he recently announced was aimed, not only at alleviating food shortages but also increasing production and to ease the burden of the rising cost of fertilisers faced by farmers.
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