KUALA LUMPUR: Malaysia must diversify its palm oil markets to reduce dependency on any single export destination for the commodity, in light of the tariff challenges posed by the United States (US).
Malaysian Palm Oil Board (MPOB) chairman Datuk Mohamad Helmy Othman Basha said the 24 per cent tariff imposed by the US on Malaysian palm oil exports poses a significant challenge for the industry, potentially affecting the country’s export volumes and the livelihoods of many stakeholders.
