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.

More Business News

Table of Contents

Latest News Malaysia

Read More News on Business News Malaysia

Read More News #latestmalaysia

BIZ NEWS CODE Business News Malaysia

Read More News on Business News Malaysia

kazimahmood

Recent Posts

Malaysian Banks Seen Resilient Against Energy Price Shocks

Strong fundamentals support resilience in the banking sector.

23 hours ago

Succession Planning Key to Sustaining Family Businesses

Structured transitions help ensure long-term stability.

1 day ago

Greatech Seen Poised for Earnings Upgrades Amid Record Order Book


Analysts see upside for Greatech as record orders, data centre demand and improving execution support…

1 day ago

Mitrajaya Outlook Supported By Data Centre Exposure, Strong Order Book

Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…

1 day ago

US-Iran Talks Lift Sentiment Despite Lingering Market Caution

Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…

1 day ago

Vietnam’s Rising Influence in ASEAN Takes Centre Stage at the Shangri-La Dialogue

Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…

2 days ago

This website uses cookies.