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Malaysia’s commodity-based exports value rises

The value of Malaysia’s commodity-based exports rose 27.1% to RM59.1bil for the January to May 2017 period, surpassing the RM46.5bil achieved for the same period last year.

Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said even though the global economy was uncertain at times, the value of the country’s commodity exports recorded an increase following several initiatives implemented by his ministry.

He said oil palm-based exports were the biggest contributor to the total exports value, registering a growth of 31.54% to RM32.2bil until May 2017, compared with RM24.5bil in the same period in 2016.

“The main export destinations for palm oil were India, followed by Europe and China,” he said after attending the Hilir Perak district and mobile community transformation centre Hari Raya open house at the Menara Condong Teluk Intan compound here yesterday.
Source: The Star

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