Latest news with #KPK
Barnama
12 hours ago
- Business
- Barnama
Palm Oil Exports To The US Rise 51.8 Pct To 93,000 Tonnes For January To May 2025 -- KPK
BUSINESS KUALA LUMPUR, July 30 (Bernama) -- Malaysia's palm oil exports to the United States (US) increased by 51.8 per cent to 93,000 metric tonnes from January to May 2025, compared to 61,000 metric tonnes during the same period last year. The Ministry of Plantation and Commodities (KPK) said that 65 per cent of the nation's palm oil exports to the US in 2024 were certified sustainable products used in high-value goods, while another 19 per cent consisted of palm stearin, a key ingredient in the food and personal care industries. Although the US is not Malaysia's main export market for palm oil, the ministry emphasised that the government is paying attention to the 25 per cent tariff imposed by the US on Malaysian goods, which takes effect on Aug 1, 2025, to ensure that the country's market position is not adversely affected. 'The ministry is always vigilant and proactive in monitoring developments in international trade policies to safeguard the country's palm oil exports,' KPK said in a written response posted on the Parliament's website today. KPK was responding to Datuk Siti Aminah Aching (BN-Beaufort), who inquired about the impact of the 25 per cent tariff imposed by the US on Malaysia, its effect on global demand for Malaysian palm oil, and the ministry's efforts to mitigate any negative consequences on exports. The ministry highlighted that together with the Ministry of Investment, Trade and Industry (MITI), it is continuing to engage in ongoing negotiations with the US to ensure fair, open, and mutually beneficial trade relations. It added that various integrated initiatives are underway to ensure that Malaysia's palm oil exports remain unaffected and sustainable. 'These include promoting the transformation of the palm oil sector toward high-technology downstream products such as oleochemicals, processed food ingredients, and biofuels,' it said. KPK said it is strengthening efforts to implement the Malaysian Sustainable Palm Oil (MSPO) 2.0 certification to ensure Malaysian palm oil meets international standards, particularly in environmental, social, and governance (ESG) aspects.
Borneo Post
6 days ago
- Business
- Borneo Post
RM44.83 mln spent on farm road repairs in Sabah, Sarawak from 2022-June 2025, says ministry
The ministry said that 92 of the projects were carried out in Sabah, involving 164.8km of farm roads at the cost of RM29.97 million, while 39 road repair projects, covering 90km of farm roads, were implemented in Sarawak, costing RM14.86 million. KUALA LUMPUR, July 25 (Bernama) — The Ministry of Plantation and Commodities (KPK) has spent RM44.83 million on 131 farm road repair projects in Sabah and Sarawak from 2022 until June 30, 2025. The ministry said that 92 of the projects were carried out in Sabah, involving 164.8km of farm roads at the cost of RM29.97 million, while 39 road repair projects, covering 90km of farm roads, were implemented in Sarawak, costing RM14.86 million. 'These projects have benefited oil palm, rubber, cocoa and pepper smallholders in both states,' KPK said in a written reply posted on the Parliament's website yesterday. The ministry said this in response to a question from Oscar Ling Chai Yew (PH-Sibu) on its plans to assist the plantation sector in repairing farm roads in Sabah and Sarawak. Meanwhile, KPK said it has submitted an application to the Ministry of Economy under the special project initiative to ensure more farm road repair projects can be implemented under the 13th Malaysia Plan (13MP). 'KPK remains attentive to the plights of smallholders in the agricommodity sector nationwide, including in Sabah and Sarawak, who face difficulties transporting their crops when the farm roads are damaged,' it added. – Bernama 13th Malaysia Plan farm road KPK sabah Sarawak smallholders
Barnama
6 days ago
- Business
- Barnama
RM44.83 Mln Spent On Farm Road Repairs In Sabah, Sarawak From 2022-June 2025- KPK
KUALA LUMPUR, July 25 (Bernama) -- The Ministry of Plantation and Commodities (KPK) has spent RM44.83 million on 131 farm road repair projects in Sabah and Sarawak from 2022 until June 30, 2025. The ministry said that 92 of the projects were carried out in Sabah, involving 164.8 kilometres (km) of farm roads at the cost of RM29.97 million, while 39 road repair projects, covering 90 km of farm roads, were implemented in Sarawak, costing RM14.86 million. 'These projects have benefited oil palm, rubber, cocoa and pepper smallholders in both states,' KPK said in a written reply posted on the Parliament's website yesterday.
The Sun
6 days ago
- Business
- The Sun
RM44.83 mln spent on farm road repairs in Sabah, Sarawak
KUALA LUMPUR: The Ministry of Plantation and Commodities (KPK) has allocated RM44.83 million for the repair of 131 farm roads in Sabah and Sarawak between 2022 and June 30, 2025. The ministry confirmed that 92 projects in Sabah covered 164.8 kilometres of farm roads, costing RM29.97 million. Meanwhile, 39 projects in Sarawak spanned 90 kilometres, with expenditures reaching RM14.86 million. 'These projects have benefited oil palm, rubber, cocoa, and pepper smallholders in both states,' KPK stated in a written parliamentary reply. The response addressed a query from Oscar Ling Chai Yew (PH-Sibu) regarding support for plantation sector infrastructure. Additionally, KPK has submitted a proposal under the special project initiative to the Ministry of Economy, aiming to secure further funding for farm road repairs under the 13th Malaysia Plan (13MP). 'KPK remains attentive to the plights of smallholders in the agricommodity sector nationwide, including in Sabah and Sarawak, who face difficulties transporting their crops when the farm roads are damaged,' the ministry added. - Bernama
The Sun
22-07-2025
- Business
- The Sun
Rubber production incentive benefits 239,053 smallholders with RM523.4 mln payout
KUALA LUMPUR: The Rubber Production Incentive (IPG) has provided financial support to 239,053 smallholders, with total payouts reaching RM523.4 million from September 2015 to June 2025, the Ministry of Plantation and Commodities (KPK) confirmed. The incentive, designed to stabilise smallholder incomes when rubber prices drop below a set threshold, was raised to RM3 per kilogramme in 2024. KPK also noted that 221 tonnes of latex have been produced under the Latex Production Incentive Project (IPL+) as of June 2025. 'This figure is projected to grow as the programme expands to Negeri Sembilan, Pahang, and Selangor in 2025,' the ministry stated on the Parliament's website. 'This effort also reduces reliance on imported latex.' The update followed a query from Datuk Awang Hashim (PN-Pendang) on measures to stabilise rubber prices and protect smallholder earnings. KPK further revealed that the Malaysian Rubber Board (LGM) is building three centres under the National Rubber Industry Transformation Program (TARGET), set to open by mid-2026. TARGET aims to integrate smallholders into the supply chain, eliminating middlemen. 'It streamlines production and allows farmers to process higher-value crepe rubber with 80% Dry Rubber Content (DRC),' KPK explained. 'Cooperative participation also ensures profit-sharing among members.'
