Grain Corn Overview
CORN The 3rd largest agricultural crop in the world after wheat and rice
An essential commodity in Malaysia
The main component and primary energy source of animal feedA major expenditure in livestock production-animal feed constitutes 70% of poultry farm costs.
Relatively Small Local Grain Corn Industry
- Unpopular among Malaysian farmers
- Annual output of 60,000 tonnes
- Unable to meet the surging demand of the thriving livestock industries
13th largestcorn importer in the world
3.5 millionMalaysian's grain corn tonnes in 2022/23
RM 4 billionMalaysian's spending on grain corn per year
10% increasein Malaysian's spending every year
Malaysian Government Policy on Grain Corn
- Targets a 30% increase in grain corn production by 2027
- Aims to develop a Grain Corn Industry Development Project to reduce dependency on imported corn by at least 30% by 2030
- Target cultivation of about 80,000 hectares of grain corn nationwide by 2033