KUALA LUMPUR, March 27 (Xinhua) -- The Malaysian government is taking proactive steps to mitigate the impact of global fertilizer export restrictions on the country's agricultural commodity sector.
To ensure near-term supply continuity, the government is expanding import sources, activating alternative supply channels within three to six months, and maintaining competitive prices to ease pressure on local industry players, Plantation and Commodities Minister Noraini Ahmad said in a statement on Thursday.
The government is also accelerating structural transformation in the sector, promoting fertilizers derived from biomass, biogas and biochar, strengthening circular economy practices in plantations, and reducing long-term dependence on imported chemical fertilizers.
It is also engaging local producers to prioritize domestic supply, stabilize prices through local output, and increase medium-term industry capacity. ■