Malaysia injects $115m into government company Felcra to boost food security

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KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – Malaysian Rural Development Minister Mahdzir Khalid on Friday (May 27) announced an allocation of RM368 million (S$115 million) to government-owned Felcra Bhd, with the aim of strengthen the country’s food security. at all levels of the food chain, Bernama reported.

Felcra Bhd is a rural plantation and food production company, operating palm oil plantations and palm processing plants, paddy and rubber plantations, as well as fertilizer plants.

The company was previously a government agency called the Federal Land Consolidation and Rehabilitation Authority (Felcra). The company is 100% owned by the Minister of Finance Inc.

Datuk Seri Mahdzir said RM339 million would be used to improve infrastructure, cover raw material costs and upgrade technology, while the rest would be used for internal expenses.

He added that an additional RM60 million from the Malaysian 12th Plan and Rolling Plan 2022 would be used to increase the capacity of the livestock feed processing factory in Rompin, Pahang.

Mr. Mahdzir said the project aims to optimize basic ingredients for local feeds and develop concentrate and silage plants to meet the requirements of a complete value chain.

“The project has been implemented and is ongoing. This initiative is one of the measures to address the rising cost of livestock, so Felcra has taken this approach to boost livestock feed production,” he said during a press conference during the Felcra Mesra Aidilfitri ceremony in Wisma Felcra.

Earlier this week, Malaysian Prime Minister Ismail Sabri Yaakob announced a ban on chicken exports to stabilize domestic prices and supplies.

One of the complaints from poultry farmers about rising prices is the rising cost of feed, partly exacerbated by the war in Ukraine, a major exporter of grain-based feed.

Mr. Mahdzir said that Felcra Processing Engineering is also improving the operation of its factory to increase the production of Suri brand palm oil coconut milk substitutes from 30 tons to 60 tons per month to meet national needs.

“So far, Felcra has two palm oil milk production plants, one in Terengganu and the other in Perak,” he said.

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