Ministry undertakes various initiatives to expand palm oil market | Malay Mail

A worker unloads palm oil fruit bunches from a lorry inside a palm oil mill in Bahau January 30, 2019. — Reuters pic

Its secretary-general, Datuk Dr Tan Yew Chong said the low price is not the first challenge faced by country, instead it is a short-term issue as commodity prices constantly fluctuates. “One of them is to expand our global markets. Each time we have a promotion and trade mission, we look for ways to increase the sale of our palm oil and palm-based products,” he told reporters after a briefing on the Malaysia Sustainable Palm Oil certification and dialogue with smallholders in Bukit Pelandok, near here today.

“Currently, Minister Teresa Kok Suh Sim is leading a commodity and palm oil promotion delegation to several countries in Europe. At end-May, she will be going to China to promote palm oil and other Malaysian commodities,” Tan said.

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Finance Ministry: Returned 1MDB funds will be used to service debts | Malay MailKUALA LUMPUR, May 8 — The US$322 million (RM1.3 billion) received through the repatriation of 1MDB assets will be used to service the sovereign wealth fund’s total debts of RM51 billion. The Finance Ministry said the debt amount includes the interest borne and loans taken from the ministry of...
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