Kuala lumpur: The National Farmers' Organisation (NAFAS) recorded its highest-ever profit since its establishment in 1972, with RM221 million for the financial year of 2024. Agriculture and Food Security Minister Mohamad Sabu announced that out of the total profit, RM21,002,941 has been distributed to 14 State Farmers' Organisations (PPN), benefiting 212 Area Farmers' Organisations (PPK).
According to BERNAMA News Agency, Mohamad Sabu emphasized that the success of NAFAS Reform 2.0 is evident through its transparent governance, improved accountability, and strong financial discipline. He shared these insights during the Dividend Distribution Ceremony for PPN and the NAFAS 2026 Iftar event. The event was also attended by Agriculture and Food Security Ministry Deputy Secretary-General (Development) Datuk Luqman Ahmad and NAFAS General Manager Muhammad Faris Arriffin.
Mohamad Sabu highlighted that the dividend distribution was expedited through a special directive to ensure the welfare of farmer members is safeguarded. He expressed his commitment to using legal powers to support farmer members, citing his previous efforts in securing RM20 million for NAFAS from the government.
Regarding the financial outlook for 2025, Mohamad Sabu stated that the results are under processing and are expected to be finalized soon, potentially by next year.
In a related statement, Mohamad assured the public that the supply of essential goods such as meat and chicken will be sufficient ahead of Aidilfitri, advising against panic buying. He noted that while the supply is expected to remain stable nationwide, including in Sabah and Sarawak, external factors like international conflicts could affect prices in the coming months.
Mohamad further explained that if external factors like a conflict involving the United States and Iran arise, they may impact prices. He assured that supply is adequate, but any rise in fuel prices could influence overall pricing. Relevant ministries and parties, including the Investment, Trade and Industry Ministry (MITI) and the Finance Ministry, are monitoring the situation to assess future impacts.