Exporters urged to take advantage of trade war

Malaysia's exports in October surged 17.7% on-year to RM96.38bil, which is a historic high for the country, powered by manufactured goods.

KUALA LUMPUR: Malaysian exporters, especially palm oil producers, have been urged to take advantage of the current US-China trade war which may see the latter facing difficulty in replacing its soybean supplies.

In making the call, Primary Industries Minister Teresa Kok Suh Sim said China’s move to place an additional 25% retaliatory tariff on US soybean oil gave Malaysian exporters an opportunity to offer their products to the Chinese market.