MARKET DEVELOPMENT
Agricultural Sector Exports up 2.6 per Cent to RM87.8 Billion in First Half Year
Agricultural Sector Exports up 2.6 per Cent to RM87.8 Billion in First Half Year
23/09/2016 (Bernama) - The country’s agricultural sector exports rose by 2.6 per cent to RM87.8 billion in the first six months of this year compared with the corresponding period last year.
Plantation Industries and Commodities Minister, Datuk Seri Mah Siew Keong, said the increase was a good achievement despite the current poor world economic climate.
“A lot of economic challenges were experienced this year with several major countries like China facing economic downturn but our agricultural sector exports recorded an increase and that is a good thing.
“The higher prices of agricultural exports, such as coconuts, were one of the reasons for the increase,” he told reporters after officiating the Malaysian International Agriculture Technology Exhibition 2016 at Melaka International Trade Centre in Ayer Keroh here yesterday.
Mah said the country’s agricultural sector exports last year was valued at RM184.4 billion while the commodity product exports constituted 64.5 per cent of the sector.
“The commodity product exports rose to RM117.1 billion last year compared with RM116.5 billion in 2014. The major commodity product exports are palm oil, rubber, timber products, pepper and cocoa,” he said.
Plantation Industries and Commodities Minister, Datuk Seri Mah Siew Keong, said the increase was a good achievement despite the current poor world economic climate.
“A lot of economic challenges were experienced this year with several major countries like China facing economic downturn but our agricultural sector exports recorded an increase and that is a good thing.
“The higher prices of agricultural exports, such as coconuts, were one of the reasons for the increase,” he told reporters after officiating the Malaysian International Agriculture Technology Exhibition 2016 at Melaka International Trade Centre in Ayer Keroh here yesterday.
Mah said the country’s agricultural sector exports last year was valued at RM184.4 billion while the commodity product exports constituted 64.5 per cent of the sector.
“The commodity product exports rose to RM117.1 billion last year compared with RM116.5 billion in 2014. The major commodity product exports are palm oil, rubber, timber products, pepper and cocoa,” he said.