Govt rolls out three-tier plan to cushion food producers from global cost pressures (opens original article in a new tab)

The Malaysian government announced a three-tier plan including tax exemptions, increased financial support, and policy reforms to ease pressure on food producers amid rising global costs.

• Government exempts rock phosphate and magnesium sulphate from SST from 2026-2027 to reduce production costs
• Paddy planting incentives increased from RM160 to RM300 per hectare with RM40 million additional allocation
• National Food Security Act being drafted to ensure stable supply and lower import dependence
• Fuel subsidies for fishermen maintained at RM1.65 per litre for Zones A, B, and C