Commodity exports to hit RM282.6 Billion in 2020 –Dompok

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PENAMPANG: Malaysia is expected to earn RM282.6 billion in export earnings from the commodity sector in 2020, says Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

He said the optimism was based on the consistent earnings raked in by the sector which was one of the main pillars of the economy.

“The government is currently encouraging relevant parties to implement the B10 biofuel programme (blending of 10 per cent palm oil biodiesel with petroleum diesel) and this will use about one million tonnes of crude palm oil each year,” he told reporters after officiating a career carnival here Friday.

Dompok also said the government has agreed to the use of crude palm oil as feedstock to generate electricity especially in Sabah.

“Sabah is poised for rapid economic development as the large hectarage of land under oil palm cultivation is expected to assume a vital role in contributing at least 30 per cent of the state’s earnings,” he said.– BERNAMA