At the launch of its Malaysia Economic Monitor, World Bank Group lead agriculture economist Dr Aminesh Shrivastava said Malaysia has a strong dynamic tree crop sector, such as oil palm, rubber and cocoa, which is not only a global showcase but also a leader in the downstream processing of agricultural products such oleochemicals, tyres, gloves etc. The agricultural economist also added that Malaysia’s productivity growth has been negative in the 2010s, in contrast to the 1990s and 2000s. At the same time, this focus on rice has created blind spots, as government expenditure on crop diversification has been crowded out. He noted that food consumption in Malaysia and the region as a whole has diversified, but yet agricultural production still remains focused on rice in the agrifood sector. In terms of addressing the problem, Aminesh highlighted that more needs to be done. As such, the government needs to look at modernising and creating a more dynamic agrifood economy. There needs to be the diversification of the sector into more crops, with a focus on ensuring food quality, in terms of nutritional and environmental values, he added. At the same time, the government also has to look at empowering farmers and the relevant stakeholders, stimulating the private sector in the agrifood sector and supporting the sector through facilitating, brokering, investing and informing the sector, he said.

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