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Malaysia's plantation ministry and the Malaysian Palm Oil Board are preparing comprehensive assistance for smallholders confronting El Niño's agricultural impacts, including extended drought conditions threatening commodity yields.
Deputy Prime Minister Ahmad Zahid Hamidi has unveiled an ambitious target to raise Malaysia's minimum rubber price to RM5 per kilogramme by the end of 2027, aiming to enhance the livelihoods of over 500,000 smallholders who form the backbone of the nation's rubber sector.
The Plantation and Commodities Ministry has approved support for nearly 145,000 smallholders. A new nationwide outreach programme aims to help eligible farmers access financial assistance, training, and technical services in the agri-commodity sector.