Thursday, June 7, 2007

Malaysia Seeks $1.1 Billion Investment for Fish Farming, Cattle Breeding

(Bloomberg) -- Malaysia's government is seeking 3.8
billion ringgit ($1.1 billion) in private funding for projects
including tropical fish farming and cattle breeding to boost
exports and safeguard domestic food supplies.

About 100,000 hectares, an area bigger than New York City,
has been earmarked across Malaysia to rear shrimp, ornamental
fish and seafood, Agriculture Minister Muhyiddin Yassin said in
an interview. He plans to more than double the value of fish
caught and produced to 6.6 billion ringgit by 2010.


Read more at Bloomberg Commodities News

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