Malaysia welcomes US tariff cut on palm oil, eyes RM21b in exports

Malaysia is prepared to adapt its palm oil export strategy in response to new US tariffs, reduced to 10% for 90 days, aligning with Indonesia’s rate. Plantation and Commodities Minister Johari Abdul Ghani emphasized producing high-quality products over relying solely on the US market, which is expected to see RM21 billion in Malaysian exports this year, including RM4.9 billion from palm oil.

Tariff Cut

He urged exporters to focus on quality and competitive pricing to strengthen global market presence. Johari also highlighted Malaysia’s commitment to sustainability, supporting 450,000 smallholders through the MSPO, which covers certification costs.

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