Greater Malaysia’s palm oil industry is the fourth largest contributor to the national economy and currently accounts for RM53 billion in GNI. The industry spans the value chain from upstream plantations to downstream processing. The development is mainly private sector driven and remains heavily skewed towards upstream activities.
However, with limited land available to expand plantations, Malaysia will enhance upstream productivity and capture the full potential of existing downstream opportunities to sustain growth in this sector.
There are 8 Entry Point Projects (EPPs) and 3 Business Opportunities (BOs).
Over the next 10 years, Malaysia will also be driven by the natural growth of the palm oil industry, captured in three business opportunities worth RM57.6 billion (USD16.5 billion) by 2020. In addition, a yearly 2.8% inflation rate over 10 years, estimated at RM17.0 billion (USD4.9 billion) is captured based on the GNI generated by palm oil in 2009. This will translate into a total of RM74.6 billion (USD21.3 billion) worth of business opportunities in 2020.
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