Govt to allocate RM9.5mil to boost local cocoa production, says plantation minister

A group of researchers tried to quantify it and determined that crypto bonanzas in the US aren’t exactly spent like windfalls from winning the lottery.

NILAI: In response to a growing gap in domestic cocoa production, the government will allocate RM9.5mil to implement a new cocoa plantation project and cocoa farm recovery project with the ultimate goal of securing a stronger foothold in the international cocoa market, says Datuk Seri Johari Abdul Ghani ,

He said there had been a significant increase in cocoa prices, which have soared from RM9,000 to RM28,000 per tonne. "The Malaysian Cocoa Board will supervise these projects and provide support to smallholders to address any challenges they face in cocoa farming," he said during the launch of Nestle KitKat Dark Borneo.

He said Malaysia's established presence in the midstream and downstream sectors of the cocoa industry also positions the nation well.The introduction of KitKat Dark Borneo, featuring 100% premium cocoa beans from Sabah and Sarawak, highlights Nestle Malaysia Bhd's commitment to utilising local, sustainable ingredients, said its chief executive officer Juan Aranols.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

Malaysia Kitkat Dark Borneo Johari Abdul Ghani Plantation And Commodities Ministry

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RM2.5mil for Madani villageAliff says he won't delay the divorce process any longer and will let Bella go if it made her happy.
Read more »

Public Service Department adopts Pulau Aman as Madani Village with RM2.5mil allocationScrolling on your phone is a habit that's hard to break on a daily basis. But as well as impacting our concentration, it can also affect our relationships, especially when it comes to scrolling at bedtime.
Read more »

Her love for ‘Korean engineer’ leads to RM2.5mil heartacheLONDON (Reuters) - Arsenal's Bukayo Saka described a nerve-racking last 20 minutes as his team hung on for a vital 3-2 win at Tottenham Hotspur on Sunday to stay ahead in the Premier League title race with three games left.
Read more »

[Video] Wanita Mahu Calon Suami Bergaji RM9,000 Sebulan Undang PerhatianMenerusi temubual berkenaan, rata-rata wanita bersetuju gaji RM900 tidak mencukupi untuk hidup di bandar seperti Kuala Lumpur.
Read more »

Nak Bakal Suami Bergaji RM9,000, Netizen Tak Puas Hati Cara Gadis Ini Jawab Soalan TerjahNama pun pendapat masing-masing, biarlah dia nak jawab apa pun kan.
Read more »

KFC’s Finger-Lickin’ Fightback: RM9.99 ‘Jimat Hari-Hari’ DealsIn a bold move to win back customers and silence critics, KFC Malaysia hopes to turn the tide after facing a wave of temporary store closures and boycotts over alleged…
Read more »