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Ministry targets RM75 billion worth of palm product exports for this year 10 Mar 2021 / 09:31 H. REUTERSPIX
KUALA LUMPUR:
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.
Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the implementation of the country’s economic recovery initiatives, including the recently launched National Vaccination Programme, will enhance the industry.
“We hope with the vaccination programme now under way, 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 reporters after attending the 2021 Special Address and “A Year of Malaysia Prihatin” ceremony organised by the Ministry of Plantati