Farmer urges more local investment in ‘lucrative’ grain corn

As animal feed imports drive up the price of poultry, a local large-scale grain corn farmer is urging more investment from private and government-linked companies in cultivating the crop which makes up the bulk of animal feed content.

Pointing to neighbouring Indonesia whose grain corn farms can sustain its animal feed demand, he said investment in grain corn farming could reap high net profits of up to 20 percent.

With no end in sight, prices had already skyrocketed by 217 percent from RM900 per tonne this time last year...