Business

Agri-commodity contributes RM61 bil to GDP as of Q3 2022: Fadillah

Deputy prime minister says sector needs to reduce foreign labour dependence, utilise technology

Updated 3 years ago · Published on 15 Dec 2022 4:38PM

Agri-commodity contributes RM61 bil to GDP as of Q3 2022: Fadillah
Deputy Prime Minister Datuk Seri Fadillah Yusof says that the agri-commodity sector has contributed RM61.3 billion to the country’s gross domestic product up until the third quarter of this year. – Bernama pic, December 15, 2022

PUTRAJAYA – The agri-commodity sector has contributed RM61.3 billion to the country’s gross domestic product up until the third quarter of this year, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah, who is also the plantations and commodity minister, said the sector has recorded a total export of RM160.6 billion and provided job opportunities for almost one million Malaysians. 

The deputy prime minister said he would hold a meeting with agri-commodity industry players next week to look at several matters such as the supply chain, including exports and supplies.

Among the sector’s challenges, he noted, is its dependence on foreign labour, which could harm its revenue and exports in the event of a worker shortage. 

“We will identify the problems and consult with other parties such as the Human Resources or Foreign Affairs Ministry to formulate a strategy that takes into account our production, the export market, and downstream products,” he told reporters after the Institute of Malaysian Plantation and Commodities convocation today.

Fadillah said the government was aware that continued dependence on foreign labour could affect the industry, especially palm oil, in the long run adding that as of October 30 this year, 150,608 foreigners were reported working in the sector.

As such, he said short-term and long-term courses are needed to increase awareness and skills in machinery use and ensure plantations reach an optimum level by improving their productivity and reducing their dependence on foreign labour.

Fadillah remarked that mastering technologies based on the fourth industrial revolution will ensure the younger generation involved in the industry has the necessary skills to keep up with current technological developments.

“The use of technology can also produce smart smallholder farmers who are able to adopt modern farming methods and innovate apart from increasing the competitiveness of Bumiputera entrepreneurs in downstream industries,” he said.

Fadillah said the technical education and vocational training (TVET) ecosystem also needs to be strengthened to develop a competitive local agri-commodity industry in line with the growing gig economy.

“A strong TVET ecosystem in the industry is crucial to address problems such as high foreign labour dependence. The initiative can spearhead a flexible labour market and further contribute to improving people’s living standards,” he said. – Bernama, December 15, 2022

Related News

Malaysia / 1d

Selangor still Malaysia’s top economic engine, DOSM data counters political claims

Malaysia / 4mth

Malaysia's trade volume for 2025 hits RM3 trillion, highest in history - PM

Malaysia / 4mth

PM: Malaysia recorded 4.9 per cent GDP growth in 2025, surpassing official projections 

Malaysia / 6mth

Former Penang CM warns of sluggish growth next year due to US tariffs

Business / 7mth

Malaysian economy expands 5.2 percent in third quarter of 2025

Business / 1y

ASEAN economy to expand at 4.7 per cent in 2025 – Tengku Zafrul

Spotlight

Malaysia

PM Anwar – ‘Rather a torn shirt, than …’ (video)

By Alfian Z.M. Tahir

Malaysia

After years of abandonment, Highland Towers to be demolished before year end

Malaysia

PH seat distribution finalised, PKR to contest 20 Johor PRN seats, 16 in Negeri

Malaysia

Rosmah Mansor denies viral allegations, lodges police report

Malaysia

Four arrested after maid abuse footage exposes alleged pattern of domestic worker mistreatment

Malaysia

Muhyiddin's 'congratulatory' message to Hamzah a fake

Malaysia

Hamzah Zainudin launches new political party, Parti Wawasan Negara

Malaysia

Disturbing video of alleged employers assaulting their helper goes viral (video)

You may be interested

Business

Dollar slides as US-Iran peace breakthrough sparks global risk rally