Malaysia's commodity exports decline 19% y/y during Jan 2009 to Nov 2009.

By bne IntelliNews January 27, 2010
According to Bloomberg , Plantation Industries and Commodities Minister Bernard Dompok stated on Tuesday that Malaysia's commodity exports declined by 19% y/y MYR 84.6bn during the period Jan 2009 to Nov 2009. Dompok said that the decline in exports was caused by weak external demand resulting from the global financial crisis. Dompok also said that by 2020, the country's exports of palm oil products were likely to increase to over MYR 100bn and its exports of timber were likely to increase to MYR 53bn.

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