KUALA LUMPUR: The government has allocated RM2.6 billion for Felda, Felcra and Risda for 2025, an increase from the RM2.4 billion allocated for this year.
In tabling 2025 Budget (Belanjawan 2025) today, Prime Minister Datuk Seri Anwar Ibrahim also said the government would initiate a pilot project for the procurement of fertilisers through an open tender process.
Anwar also announced a RM65 million allocation to develop irrigation and drainage infrastructure for rice granaries and to expand Felcra rice estates in Sabah and Sarawak.
Meanwhile, Anwar said the threshold value for the levy on extraordinary profits from palm oil has been increased to RM3,150 for Peninsular Malaysia and RM3,650 for Sabah and Sarawak.
He also said export duty rates for crude palm oil will be revised from Nov 1 but maintained for Sabah and Sarawak.
Incentives for smallholders to replant palm oil to replace unproductive old palms will continue, with an allocation of RM100 million.
Separately, he announced a RM20 million allocation to revive abandoned private rubber plantations.