KAULA LAMPUR: The Malaysian Agricultural Marketing Authority (FAMA) forecasted that the weakening ringgit doesn’t have to be bad news. They said that the drop helps open doors for more exports of food products to countries such as South Korea and Japan.
Senior Director Export Market Promotion Division Datuk Nazipah Jamaludin said as food products in these countries were expensive, Malaysian entrepreneurs would benefit from the exchange rate.
“Hence, we have taken several steps to improve the export opportunities for entrepreneurs and farmers, especially from Sabah and Sarawak who have bigger potentials than those in Peninsular Malaysia.”
Nazipah made the statement at a workshop aimed at improving export opportunities by strengthening cooperation with relevant agencies in Sabah and Sarawak.
“The objective of this workshop is to give exposure to participants from FAMA and related agencies on potential products from Sabah and Sarawak that could be commercialised for the export market, especially to Far East countries, especially China, Japan, South Korea, Hong Kong and Taiwan.”
Nazipah mentioned a few products that showed potential as exports from Sabah including pomelo, banana, avocado and pineapple.
