Agriculture And Plantation Companies in Malaysia

The Malaysian economy is highly dependent on agriculture and plantation companies. Agriculture and plantations sector including palm oil, rubber and timber industries accounted for 9.4% of Malaysia’s GDP in 2016. The sector also employs more than 3 million people, which is about 11% of the country’s workforce.

Malaysia is one of the world’s leading exporters of palm oil, rubber and timber. Palm oil is the most important agricultural commodity in Malaysia, accounting for about 11% of the country’s GDP. Malaysia is the world’s second largest producer and exporter of palm oil after Indonesia.

Rubber is another important agricultural commodity in Malaysia. The country is the world’s third largest producer and exporter of rubber, behind Thailand and Indonesia.

Timber is also a significant agricultural commodity in Malaysia. The country is the world’s fourth largest exporter of timber, behind Brazil, Canada and Sweden.

The Malaysian government provides various incentives and support to the agriculture and plantation sector. These include tax exemptions, subsidies and infrastructure development. The government’s goal is to make the sector more competitive and to reduce the country’s dependence on imported food.