Malaysia is taking steps to minimize its dependence on animal feed imports under a reciprocal investment policy, according to the country's Agriculture and Agro-based Minister Datuk Seri Noh Omar.
One initiative under the policy is the signing of an agreement between Markmore Group of Malaysia and Cambodia-based Paragon Corporation, which have agreed to invest RM2 billion (US$644.4 million) to develop 400,000 hectares of land for the benefit of the animal feed industry. The government, according to Noh, wants to create a food supply value chain, including in livestock breeding, under the National Agro Food Policy 2011-2020.
Malaysia is also planning to sign an agreement with Cambodia early next year to facilitate agricultural activities between both countries. Meanwhile, an area on a 70-year lease from the Cambodian government will be planted with corn, soy and sugarcane, with the first yield expected in 2013.
One initiative under the policy is the signing of an agreement between Markmore Group of Malaysia and Cambodia-based Paragon Corporation, which have agreed to invest RM2 billion (US$644.4 million) to develop 400,000 hectares of land for the benefit of the animal feed industry. The government, according to Noh, wants to create a food supply value chain, including in livestock breeding, under the National Agro Food Policy 2011-2020.
Malaysia is also planning to sign an agreement with Cambodia early next year to facilitate agricultural activities between both countries. Meanwhile, an area on a 70-year lease from the Cambodian government will be planted with corn, soy and sugarcane, with the first yield expected in 2013.
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