Latest news with #RM1.14
Focus Malaysia
2 days ago
- Business
- Focus Malaysia
Malaysia eyes RM1.5 bil in durian exports as China expands local production
MALAYSIA is projecting its durian exports to surpass RM1.5 bil in 2025, even as China, its biggest buyer, ramps up efforts to grow the fruit locally. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said demand from China, Singapore, Hong Kong, and Canada has fueled a 256.3% surge in export value over five years, from RM321.2 mil in 2018 to RM1.14 bil in 2022. Speaking at the 2025 Durian Festival in Gua Musang, he said durian has proven to be a high-value agro-food commodity, creating opportunities along the supply chain, from farmers to exporters. The recently signed protocol with China for fresh durian exports is expected to boost growth further. 'This proves durian's great potential—not only delivering strong returns to the country but also generating widespread economic opportunities,' he said. However, China is actively developing its own durian industry. In Hainan Province, domestic production has begun to bear fruit, literally. Thanks to government subsidies, smart farming technology, and integrated agri-business models, China is harvesting its first commercial batches of durian, about 2,000 tonnes this year. Despite its late start, China is the world's largest durian importer, accounting for over 90% of Asia Pacific's durian imports. In 2024, its total import volume reached 1.56 mil tonnes. Industry observers note that while China's durians remain costlier than imported ones, they offer fresher flavor and shorter supply chains. As China eyes self-sufficiency, Malaysia remains optimistic that demand will outpace domestic supply, keeping the King of Fruits a lucrative export staple. —July 27, 2025 Main image: Wikipedia
New Straits Times
3 days ago
- Business
- New Straits Times
Malaysia's durian exports expected to exceed RM1.5b this year
GUA MUSANG: The Agriculture and Food Security Ministry expects Malaysia's durian exports to exceed RM1.5 billion this year, following strong demand from major markets such as China, Singapore, Hong Kong and Canada. Minister Datuk Seri Mohamad Sabu said the total value of the country's durian exports abroad had increased by 256.3 per cent or equivalent to RM822.8 million in five years, from RM321.2 million in 2018 to RM1.14 billion in 2022. "This increase proves the great potential of durian as a high-value agro-food commodity that not only provides great returns to the country, but also opens up economic opportunities for the people at various levels," he said when opening the 2025 Durian Festival at the Gua Musang District Council's main hall here today. He said efforts to promote durian through festivals and programmes like this were also deemed important to stimulate the growth of the high-value agricultural sector and create a value chain involving farmers, logistics, retailers, processing industries and tourism. Mohamad said that based on the global fresh durian market report by global market research firm Mordor Intelligence (2024), the value of the world durian market is expected to reach more than USD10.78 billion in 2025 and jump to USD16.89 billion by 2030, with a compound annual growth rate (CAGR) of 9.4 per cent. "China remains the key driver of this growth, accounting for more than 90 per cent of total durian imports in the Asia Pacific, thus becoming a key strategic market for Malaysian exporters. "On June 19, 2024, Malaysia successfully signed the Protocol on Phytosanitary Requirements for the Export of Fresh Durian Fruit to China, which opened up new market access for fresh durian exports from Malaysia to the country," he said. Previously, export access to China was limited to durian in pulp and paste form in 2011, and frozen whole fruits in 2018. – Bernama
The Sun
3 days ago
- Business
- The Sun
Malaysia durian exports to surpass RM1.5 billion in 2025
GUA MUSANG: The Ministry of Agriculture and Food Security (KPKM) projects Malaysia's durian exports to surpass RM1.5 billion in 2025, fueled by strong international demand. Minister Datuk Seri Mohamad Sabu highlighted a 256.3% surge in export value over five years, rising from RM321.2 million in 2018 to RM1.14 billion in 2022. 'This growth underscores durian's potential as a high-value agro-food commodity, benefiting both the national economy and local communities,' he said during the 2025 Durian Festival opening at the Gua Musang District Council hall. Durian festivals and promotional programs play a crucial role in boosting the sector's value chain, involving farmers, logistics, retailers, and tourism. According to Mordor Intelligence's 2024 report, the global durian market is projected to hit USD10.78 billion in 2025, climbing to USD16.89 billion by 2030 at a 9.4% annual growth rate. 'China remains the dominant market, contributing over 90% of Asia-Pacific durian imports,' Mohamad noted. Malaysia recently secured fresh durian export access to China under a new phytosanitary protocol signed on June 19, 2024. Previously, exports were restricted to pulp, paste, and frozen whole fruits. - Bernama
Barnama
3 days ago
- Business
- Barnama
KPKM Expects Malaysia's Durian Exports To Exceed RM1.5 Bln This Year
GUA MUSANG, July 26 (Bernama) -- The Ministry of Agriculture and Food Security (KPKM) expects Malaysia's durian exports to exceed RM1.5 billion this year, following strong demand from major markets such as China, Singapore, Hong Kong and Canada. Minister Datuk Seri Mohamad Sabu said the total value of the country's durian exports abroad had increased by 256.3 per cent or equivalent to RM822.8 million in five years, from RM321.2 million in 2018 to RM1.14 billion in 2022. "This increase proves the great potential of durian as a high-value agro-food commodity that not only provides great returns to the country, but also opens up economic opportunities for the people at various levels," he said when opening the 2025 Durian Festival at the Gua Musang District Council's main hall here today.
The Star
03-06-2025
- Business
- The Star
Bursa Malaysia lower at midday on renewed US-China tensions
KUALA LUMPUR: Bursa Malaysia was lower at midday, dragged down by renewed tensions between the United States (US) and China, analysts said. According to reports, China hit back at US President Donald Trump's claim it had violated the temporary trade agreement between the two countries, while the European Union said it opposed the president's doubling of tariffs on steel and aluminium imports. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 4.89 points, 0.32 per cent, to 1,503.46 from last Friday's close of 1,508.35. The benchmark index, which opened 4.37 points higher at 1,512.72, moved between 1,497.42 and 1,514.12 during the morning session. In the broader market, decliners thumped gainers 694 to 225, while 373 counters were unchanged, 1,054 untraded and 15 suspended. Turnover stood at 2.14 billion units worth RM1.14 billion. Meanwhile, Hong Leong Investment Bank said in a note that following the conclusion of a lacklustre May corporate results season, it expects the benchmark index to remain volatile in June after tumbling 2.1 per cent in May (year-to-date: -8.2 per cent). This is as investor sentiment has stayed cautious amid continued foreign net outflows coupled with developments in the political landscape ahead of the Sabah state election (due by end 2025). "Adding to the cautious tone are renewed concerns over a tariff-driven global slowdown and ongoing legal tussles surrounding Trump's trade policies, which could weigh on market confidence and pressure Malaysia's growth and earnings outlook,' it said. Among the heavyweights, QL Resources fell 11 sen to RM4.39, Axiata slid four sen to RM2.01, Press Metal Aluminium was down nine sen to RM4.95, Petronas Chemicals eased six sen to RM3.36, and Sunway dropped 7 sen to RM4.68. Among the most active counters, Harvest Miracle Capital, ACE Market debutant ICT Zone Asia, and Permaju Industries were flat at 18 sen, 20 sen and 1.5 sen respectively, while Tanco Holdings increased one sen to RM1.01 and Eco-Shop Marketing slipped two sen to RM1.24. On the index board, the FBM Emas Index shaved 44.22 points to 11,255.58, the FBMT 100 Index lost 38.95 points to 11,022.05, and the FBM ACE Index fell 65.44 points to 4,485.59. The FBM Emas Shariah Index slid 54.38 points to 11,201.88, while the FBM 70 Index trimmed 69.27 points to 16,132.23. Sector-wise, the Financial Services Index weakened 43.21 points to 17,797.32, the Industrial Products and Services Index edged down 2.05 points to 150.60, and the Energy Index eased 8.58 points to 699.46, but the Plantation Index rose 16.80 points to 7,224.65. - Bernama
