The primary industries minister says a proposal will be submitted to the finance ministry for its consideration. FMTNews PalmOil B20 Covid19
The primary industries ministry hopes to submit a proposal soon to the finance ministry to include oil palm smallholders in the stimulus package.
“We are still discussing it. There are different commodity sectors under the ministry, and we are going to check with the industry players and different boards before coming up with a proposal,” she said after the launch of the government’s B20 biodiesel programme. While the tourism and services sector have been hit especially hard by the outbreak – the Malaysian Association of Tour and Travel Agents recently said 95,000 hotel bookings had been cancelled – Kok said she was glad that palm oil prices have been relatively stable at between RM2,700 to RM2,800 per metric tonne.
Touching on the B20 biodiesel programme which is expected to be rolled out in 3,400 petrol stations across the country by mid-2021, Kok said she did not foresee any problems for those making the switch from conventional diesel as no modifications would have to be made to their vehicles.
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