Experts say stronger research, better seed systems and private investment can help Africa grow beyond its current share of the global seed market.
The financing will support the company’s ambition to scale sustainable rice production while reducing greenhouse gas emissions from one of the world’s most important staple crops.
Government says the move will support local processors while keeping controls on export volumes.
The extension gives local farmers more time to sell their harvest, but grain traders warn that slow collections could tighten supplies before imports return.
Government purchases have started to reduce stock levels, but industry leaders say stronger trade policies and better processing remain key to securing the future of Malian rice.