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

Kazi Mahmood

Recent Posts

Malaysia’s Economy Posts 6% Growth in Q2, Driven by Broad-Based Expansion

Malaysia’s economy grew 6% in Q2 2026, driven by broad-based expansion, resilient demand, and strong…

13 hours ago

Pepper Labs Marks 11 Years, Advancing AI Learning in Malaysia

Pepper Labs launched 50,000 AI learning opportunities for Malaysians to boost AI readiness, coinciding with…

14 hours ago

Singapore Bank Stocks Surge on Strong Earnings and Rising Interest Rates

Singapore bank stocks soar on strong earnings, dividends, and higher interest rates, reinforcing investor confidence…

17 hours ago

Gamuda Secures RM1.6bn Ganymirra and Majors Creek Solar and Battery Hybrid Projects

Gamuda Bhd secured AUD569m contracts for solar projects, enhancing its green energy presence in Australia.

19 hours ago

Feature Report: Expect 2Q GDP Growth at +5.9%yoy, Slightly Above Advance Estimate

We anticipate Malaysia’s economy to grow by +5.9%yoy in 2QCY26, slightly above the +5.8% advance…

21 hours ago

PTP Commissions Malaysia’s First Electric Prime Mover Fleet

Port of Tanjung Pelepas commissions Malaysia’s first electric prime mover fleet, supporting decarbonisation, efficiency and…

21 hours ago

This website uses cookies.