The initiatives proposed by Malaysia’s Prime Minister Anwar Ibrahim can stimulate the country’s economy and boost its GDP, according to Deputy Prime Minister Fadillah Yusof, as reported by Malay Mail.

Fadillah, who also holds the position of Minister of Plantation Industries and Commodities, added that the agricultural sector plays a crucial role in the country’s economy by creating jobs for local people and increasing the country’s GDP.

“In the context of the global food crisis, it is important for the country to continue developing a strategy that does not solely rely on raw material production but also diversifies the production of high-value-added products,” said Fadillah.

He stated that the ministry, through the Malaysian Palm Oil Council (MPOB), will intensify the production of hybrid palm varieties that can yield more oil using limited land areas, in line with the Prime Minister’s aspiration to optimize the use of existing agricultural land.

It is worth noting that Malaysia, together with Indonesia, produces almost all the palm oil that enters the global market.