Reforming agrofood sector for better incomes

by | Oct 27, 2021 | Business, LOCAL | 0 comments

The Prime Minister, Datuk Seri Ismail Sabri Yaakob, said that the new National Agrofood Policy 2021 to 2030 or DAN 2.0 will focus on modernisation and smart farming methods as it aims to transform the country’s agrofood sector in this decade.

He said since the launch of the policy’s predecessor in 2011, the contribution of the agrofood sector to the country’s Gross Domestic Product or GDP has seen an average annual growth of 6.8 percent up to the year 2020.

This is an almost 100 percent increase compared with the GDP growth in 2010. Total food exports also increased at an average annual growth rate of 6.4 percent from RM18.1 billion to RM33.7 billion during the same period.

Datuk Ismail Sabri said DAN 2.0 aims to continue the agrofood sector development agenda with a focus on efforts to improve the country’s food security.

He revealed that the focus on modernisation and smart agriculture would be supported by financing funds, investment incentives, and manpower to increase the adoption of Fourth Industrial Revolution or IR4.0 technologies.

Research and development, as well as commercialisation and innovation, will be the pulse of the development of the agrofood sector in the country.