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The Ministry of Plantation and Commodities (Malay: Kementerian Perladangan dan Komoditi; Jawi: كمنترين ڤرلاداڠن دان كومودتي ) is a ministry of the Government of Malaysia that is responsible for overseeing the development of the main commodities of Malaysia which are palm oil, rubber, timber, furniture, cocoa, pepper, kenaf and tobacco.
Timber sector-related exchange traded funds continue to grow as lumber prices have surged over the past three weeks on ongoing demand in the real estate market. The iShares Global Timber ...
Malaysia's benchmark crude oil, Tapis Blend, is a light and sweet crude oil, with an API gravity of 42.7° and a sulphur content of 0.04% by weight. Malaysia held 87.8 trillion cubic feet (Tcf) of proven natural gas reserves as of 2021, and was the third-largest natural gas reserve holder in the Asia-Pacific region after China and Indonesia ...
Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or "per stump". Currently it is dictated by more standard measurements such as cubic metres, board feet, or tons. To ...
Despite the hike, Amir said Malaysia’s diesel price remains the second lowest in Southeast Asia, after Brunei. Diesel costs 8.79 ringgit ($1.86) a liter in neighboring Singapore and more than 4 ...
In Kalimantan for example, some 80% of lowlands went to timber concessions, including virtually all its mangrove forests. By the late 1980s, it became clear that Indonesia and Malaysia were facing a problem of timber crisis due to over-logging. Demand from timber mills was far-outstripping log production in both Malaysia and Indonesia. [18]
In 1883, Malaysia was the largest tin producer in the world. In 1885, 12.8 km of railway was constructed connecting Taiping to Port Weld in Perak. The first trunk road in Peninsular Malaysia was constructed passing through major mining towns in Perak, Selangor and Negeri Sembilan in which it was mostly used to transport tin from mines to ports.
Current legislation The EU Regulation on Deforestation-free products ( Regulation (EU) 2023/1115 , abbreviated EUDR ) is a European Union regulation on deforestation . The goal of the EUDR is to guarantee that the products European Union (EU) citizens consume do not contribute to deforestation or forest degradation worldwide.