Sign up | Log in



Home  >>  Daily News  >>  Malaysia News  >>  Commodities  >>  Malaysia sees palm oil shipments earning 100bn ringgit by 2020
NEWS UPDATES 27 January 2010

Malaysia sees palm oil shipments earning 100bn ringgit by 2020

Related Stories

November 14, 2009
Malaysia’s natural rubber production rose in September

November 12, 2009
Malaysia’s biodiesel exports defy NGO attacks

November 9, 2009
Malaysia hosts world’s largest palm oil event

The export of palm oil products is expected to exceed 100 billion ringgit (1$=3.4 ringgit) in 2020 boosted by strong production, national news agency Bernama quoted Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok as saying Tuesday.

To achieve the target, he said the government is looking to generate exports of more value added products, services and palm oil related technologies.

In 2008, the export of palm oil products stood at 65.2 billion ringgit.

As for timber, he said export earnings from the industry is expected to reach 53 billion ringgit by 2020 from 22.5 billion ringgit in 2008.

Asked about the crude palm oil (CPO) price, Dompok said he is comfortable with the present 2,400 ringgit -2,600 ringgit per tonne level.

"At the 2,400 ringgit -2,600 ringgit level, the farmers and plantation owners should be happy. If they are happy, of cause I am happy too," he added.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand