Encourage use of local rubber with incentives

MALAYSIA’S economic outlook in 2019 is expected to remain challenging. Even though the country has became one of the largest producers of commodities in the world, especially in palm oil and rubber, the current situation in both sectors is unfavourable in the global market.

Malaysia accounts for 29% of the world’s palm oil production and 37% of the world’s exports while it is also the fifth largest producer and exporter of natural rubber, contributing 46% to global rubber production by producing one million tonnes of rubber annually.