Daim: Be one step ahead in tackling palm oil’s yo-yo market | Malay Mail

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Daim: Be one step ahead in tackling palm oil’s yo-yo market

A worker collects palm oil fruit after being harvested at a plantation in Kampung Bukit Hijau, Kuala Selangor March 14, 2018. — Picture by Mukhriz Hazim

“We must work together with Indonesia because Malaysia alone is a small nation and together with Indonesia, home to 264 million people, we can fight the battle together,” he told Bernama. In March last year, US President Donald Trump imposed tariffs of up to 25 per cent on Chinese imported goods and likewise the Chinese government retaliated by imposing tariffs of 25 per cent on US$110 billion worth of US goods, including soybean, which is the US’s most important agricultural export crop.“But don’t react when it’s too late, because it might affect our market and the smallholders,” he said.

 

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