KUALA LUMPUR, March 9 — The export value of palm oil and palm oil-based products is targeted to increase to RM75 billion this year from RM73.3 billion in 2020 due to high demand as economies around the world gradually recover, the Ministry of Plantation Industries and Commodities said.
Minister Datuk Dr Mohd Khairuddin Aman Razali said the country’s economic recovery initiatives, including the recently-launched National Vaccination Programme, will further enhance the industry.
“We hope with the vaccination programme now underway, this industry will be stronger and more nimble to improve (export) performance.
“We also hope that the country’s recovering economy will drive the growth of palm oil prices and raise other commodity sectors,” he told a press conference after attending the 2021 Special Address and ‘A Year of Malaysia Prihatin’ ceremony organised by the ministry here Tuesday.
