Kuala lumpur: Malaysia is strengthening its food security through rice stocks of about 1.24 million metric tonnes while positioning itself for regional leadership in food trade and innovation. Deputy Agriculture and Food Security Minister Datuk Chan Foong Hin stated that the amount includes 200,000 metric tonnes under the National Rice Buffer Stock and approximately 1.04 million metric tonnes of commercial stocks held by millers, wholesalers, and retailers. This stockpile is deemed sufficient to meet domestic demand for up to six months in the event of disruptions to international rice supplies.
According to BERNAMA News Agency, Chan highlighted that climate change, geopolitical conflicts, rising production costs, and global supply chain disruptions have made food security a global priority. He emphasized that a resilient food system relies on strong agricultural production, efficient supply chains, value-added manufacturing, innovation, and market access. These are considered essential elements in strengthening Malaysia's food ecosystem.
Chan announced at the fourth edition of Food and Drinks Malaysia by SIAL 2026 at the Malaysia International Trade and Exhibition Centre (MITEC) that the Ploughing Incentive for Padi Farmers (IPKP) had been increased from RM160 to RM300 per hectare per season starting this year. This increase is supported by an additional RM42 million allocation. The government has also introduced the Padi Harvesting Incentive (IPP) of RM50 per hectare per season and continues to provide fertiliser and pesticide subsidies while monitoring global fertilizer prices.
Chan noted that Food and Drinks Malaysia by SIAL has evolved into a significant ASEAN food and beverage trade platform, connecting producers, buyers, investors, policymakers, and industry players worldwide. The government offers an enabling environment through sound policies, strategic investments, and effective regulation, allowing the industry to drive innovation, develop new products, expand markets, and create value throughout the food supply chain.
Meanwhile, SIAL Network managing director (ASEAN and India) Henri Tan mentioned that this year's event is its largest edition to date, featuring more than 800 chefs from 23 countries and over 1,000 business matching sessions, conferences, competitions, masterclasses, and networking activities. Last year's edition generated about US$285 million (RM1.17 billion) in potential trade value, while organizers are targeting more than US$300 million (RM1.23 billion) this year.
Food and Drinks Malaysia by SIAL 2026, held from July 21 to 23, also includes events such as the Chocolate Show, SIAL Innovation Awards, Global Culinary Challenge Malaysia, ASEAN Barista Team Championship, and the inaugural SIAL Culinary Masters Asia.