Malaysia is taking steps to minimize its dependence on animal feed imports under a reciprocal investment policy, according to the country's Agriculture and Agro-based Minister Datuk Seri Noh Omar.

One initiative under the policy is the signing of an agreement between Markmore Group of Malaysia and Cambodia-based Paragon Corporation, which have agreed to invest RM2 billion (US$644.4 million) to develop 400,000 hectares of land for the benefit of the animal feed industry. The government, according to Noh, wants to create a food supply value chain, including in livestock breeding, under the National Agro Food Policy 2011-2020.

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Malaysia is also planning to sign an agreement with Cambodia early next year to facilitate agricultural activities between both countries. Meanwhile, an area on a 70-year lease from the Cambodian government will be planted with corn, soy and sugarcane, with the first yield expected in 2013.