{"id":18450,"date":"2022-10-19T08:01:00","date_gmt":"2022-10-19T00:01:00","guid":{"rendered":"https:\/\/www.rakansarawak.com\/v3\/?p=18450"},"modified":"2022-10-10T17:08:17","modified_gmt":"2022-10-10T09:08:17","slug":"dakn-2021-2030-propelling-malaysias-agricommodity-development","status":"publish","type":"post","link":"https:\/\/www.rakansarawak.com\/v3\/2022\/10\/19\/dakn-2021-2030-propelling-malaysias-agricommodity-development\/","title":{"rendered":"DAKN 2021-2030: Propelling Malaysia\u2019s Agricommodity Development"},"content":{"rendered":"\n

– extracted and adapted from RAKAN Sarawak<\/strong><\/em> January-March 2022 –<\/a><\/h3>\n\n\n\n

The National Agricommodity Policy (DAKN) 2021-2030, which will be launched in February 2022 to replace the National Commodity Policy (DKN) 2011-2020, is part of the Malaysian Government\u2019s efforts to drive the development of the agricommodity sector in a more sustainable, competitive and market-oriented manner.<\/p>\n\n\n\n

\u201cThis new policy that will oversee the development of the country\u2019s agricommodity is important for the sector to remain competitive and sustainable. This is in line with the new norms and increased digital utilisation in a post-COVID-19 world,\u201d said Prime Minister YAB Dato\u2019 Sri Ismail Sabri bin Yaakob.<\/p>\n\n\n

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The Prime Minister (third left) speaking with Minister of Plantation Industries and Commodities YB Datuk Hajah Zuraida Kamaruddin (third right) during the launch of the Keluarga Malaysia Agricommodity tour programme on 19 January 2022. Photo from suara.tv<\/figcaption><\/figure><\/div>\n\n\n

He spoke of this during the launch of the Keluarga Malaysia Agricommodity tour programme in Putrajaya on 19 January 2022, further describing DAKN 2021-2030\u2019s purpose as key reference to the national commodity industry in terms of environment, social and governance (ESG) as well as towards achieving the country\u2019s Sustainable Development Goals<\/a> by 2030 as set by the United Nations<\/a>. <\/p>\n\n\n

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In spite of the impact brought about by COVID-19 over the past few years, Malaysia’s agricommodity sector performed well, contributing RM85 billion to the country’s GDP in 2020. Photo by Nick Allen<\/figcaption><\/figure><\/div>\n\n\n

\u201cAdditionally, it will produce \u2018smart\u2019 smallholders who practise modern agriculture through the use of technology. This policy is set to enhance competitiveness among Bumiputera entrepreneurs in the downstream segment of the agricommodity sector.<\/p>\n\n\n\n

\u201cSuch effort in turn will increase the people\u2019s confidence in this sector which is vital for the country\u2019s development,\u201d the Prime Minister elaborated.<\/p>\n\n\n

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Among other factors, increased export value of agricommodity products is resulted from high commodity values, especially involving palm-based products. Photo from Pixabay<\/figcaption><\/figure><\/div>\n\n\n

Aside from the upcoming national policy, the Government has allocated RM670 million to the Ministry of Plantation Industries and Commodities under the 2022 National Budget for expenditure on the management and development of the agricommodity sector to maintain its robustness.<\/p>\n\n\n\n

It comes as the sector contributed an estimated RM85 billion to Malaysia\u2019s gross domestic product in 2020, with RM46 billion from the upstream segment and RM38 billion from downstream.<\/p>\n\n\n

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The Prime Minister also said that the agricommodity sector has provided various employment opportunities to Malaysians. Photo from the Ministry of Plantation Industries and Commodities<\/figcaption><\/figure><\/div>\n\n\n

The Prime Minister stated that despite the COVID-19 pandemic that has been impacting the country for the past few years, export value of agricommodity products increased by 17.8 per cent from RM128.5 billion in 2019 to RM151.3 billion in 2020.<\/p>\n\n\n\n

The upward trend continued in 2021, in which as of November 2021, export revenue was estimated at RM189.8 billion, an increase of 41.6 per cent compared to the same period in 2020.<\/p>\n\n\n

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RAKAN 1Q2022-27<\/figcaption><\/figure><\/div>
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