KAJANG, June 14 (Bernama) — Plantation Industries and Commodities Minister Tan Sri Bernard Dompok Thursday maintained Malaysia’s RM85 billion palm oil export earnings target for this year.
He said it was too early to revise the target since it was only June now.
“Last year, the oil palm industry was one of the main contributors to the national economy, generating RM83.4 billion export revenue.
“The demand for palm oil is still strong from China, India, Pakistan, the European Union and the United States,” he told a press conference after opening a seminar on transfer of technology.
Dompok said China and India were big economies which are unlikely to see a slide in demand for palm oil.
Source : BERNAMA