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1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 590VOLUME 590
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeeklyB U L L ET I NB U L L ET I N
16 June 2020 | NO. ISSN : 2180-0448
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RM35 BILLION STIMULUS PACKAGE THAT PROSPERS PEOPLE, BOOSTS BUSINESSES AND ENERGISES THE ECONOMY
The Ministry of International Trade and Industry (MITI) welcomes the implementation of the 40 initiatives contained in the National Economic Recovery Plan (PENJANA) announced by Prime Minister YAB Tan Sri Muhyiddin Yassin, yesterday.
Since the Government reopened almost all the economic sectors on 4 May 2020, Malaysia has made steady strides in both the health and economic fronts. The number of COVID-19 cases is at a single digit level, with little likelihood of a sudden increase. With nearly all economic sectors reopened, 83 per cent of workers have returned to work.
Nevertheless, the Government recognises that there remain challenges for businesses to restart their operations during this difficult period. In the engagements undertaken by MITI, challenges that were highlighted by the trade and industry associations, professional bodies as well as Small and Medium Enterprises (SMEs) include cash flow constraints, movement restrictions and supply chain disruption. The Government demonstrated unwavering commitment in addressing these challenges, by introducing the RM260 billion PRIHATIN stimulus packages to hasten economic rebound.
The RM35-billion stimulus package is further proof of the Government’s
determination to navigate the country towards a path of accelerated economic recovery. PENJANA is an enabler to prosper people, boost businesses and energise the economy.
The extension of the 3-month Wage Subsidy Program totalling RM5 billion will secure the protection of employment of Malaysians. Amounting to RM600 per worker, it will also continue to help the industry and the SMEs cope with cash flow constraints. The introduction of the previous subsidies in the earlier packages had been well received by workers and employers having saved more than 2.2 million jobs. Now that the industry is almost fully opened, more than 12 million workers have returned to work. In view of the earlier success, the extension of this program will continue to provide relief for workers.
Workers in sectors that are hardest hit as a result of the pandemic, such as tourism, are likely to gain from this Wage Subsidy Programme. Similarly, by announcing an incentive that ranges between RM600 to RM 1000 for employers who offer job opportunities to the unemployed and industry trainees, the Government has ensured that the right benefits trickle down to these segments of the society as well.
In a move to encourage more workers to work from home, the Government has announced tax breaks for the purchase of ICT equipment. MITI views this as a crucial intervention by the Government in efforts to advance towards a digital economy. This incentive will support the private sector to remain productive and vibrant even while working from home. This will enhance the use of technology in the work process and help realise the Government's aspiration towards fostering a digital culture in our economy.
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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sePENJANA also offers numerous
advantages for key economic movers in the country, including SMEs, Mid-Tier Companies (MTCs), Social Enterprises and start-ups. It is evident that the Government is keen to respond promptly to the needs of these entities. This move will inject new dynamism in the SMEs sector which constitutes the largest job creator in the economy. This sector should also undergo a paradigm change via the use of technology and innovation including digitalization for greater efficiency and productivity.
The special financial aid totalling RM500 million to be provided through PUNB and MARA is indeed timely in efforts to strengthen Bumiputera engagement and ensure business and entrepreneurship viability.
MITI welcomes the RM10 million matching grant allocated for Social Enterprises (SEs). By definition, SEs are businesses that pursue profit models that also accord an equal emphasis on the fulfilment of social objectives, such as improving the livelihoods of the B40 or marginalised groups, or safeguarding environmental well-being. These matching grants are a step in the right direction to nurture inclusive and responsible businesses that pointedly give back to the society.
The RM100 million allocated for the National Technology and Innovation Sandbox will serve as a catalyst that enables the exponential growth of start-ups in Malaysia. This is pivotal in ensuring that Malaysia remains a preferred destination for emerging start-ups, hence, attracting technology players that could become game changers.
The new tax incentive scheme in PENJANA is expected to attract more investments and bring better high technology employment opportunities. A full 10-year tax exemption will be granted for new investments in fixed assets valued between RM300 million and RM500 million. Investments in fixed assets exceeding RM500 million will enjoy full tax exemption for 15 years. A Special Incentive Allowance for Reinvestment will be provided for the 2020 to 2021 assessment years.
These tax incentives will provide the much needed shot-in-the-arm for investment and job creation. MITI is confident that these incentives will boost both local and foreign direct investment as well as attract multinational companies to re-shore their operations to Malaysia.
The Malaysian Investment Development Authority (MIDA), an agency under MITI, will also establish a new unit, namely, the Project Acceleration and Coordination Unit (PACU) to facilitate approvals and speed up the implementation of approved manufacturing projects. The manufacturer's license approval process for non-sensitive industries will be shortened to only 2 business days.
MITI is confident that this latest recovery plan together with the easing of the movement restrictions will provide the necessary impetus to further jumpstart and revitalise the economy and ensure that we remain on the right path to full recovery.
DATO’ SERI MOHAMED AZMIN ALISENIOR MINISTERMINISTER OF INTERNATIONAL TRADE & INDUSTRYSATURDAY, 6 JUNE 2020
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
PKS DIGALAKKAN UNTUK TEROKAI POTENSI HALAL SEPENUHNYA DI PERINGKAT GLOBAL
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Sektor halal adalah salah satu sektor bernilai tinggi di peringkat dunia dan sedang berkembang pesat bukan sahaja di negara-negara Muslim tetapi di negara-negara bukan Muslim juga.
Di Malaysia, pada tahun 2019, nilai eksport produk halal tempatan telah dicatatkan pada RM40.2 bilion dan produk halal Malaysia mempunyai reputasi yang tinggi dan diterima baik di peringkat antarabangsa. Namun, masih terdapat banyak peluang dan ruang yang perlu diterokai Perusahaan Kecil dan Sederhana (PKS) tempatan di dalam sektor ini.
Menurut Halal Development Corporation (HDC), segmen eksport makanan dan minuman (F&B) halal telah meningkat sebanyak 10.4%, pada tahun 2019 berbanding tahun sebelumnya. Segmen F&B yang berjumlah RM22 billion ini adalah segmen terbesar bagi eksport halal di Malaysia.
PKS tempatan mempunyai peluang menceburi pasaran halal global yang bukan sahaja merangkumi produk F&B, tetapi juga produk-produk lain seperti farmaseutikal, kosmetik, perkhidmatan kewangan, pelancongan, fesyen dan sebagainya.
China merupakan destinasi eksport produk halal Malaysia yang terbesar, mencatatkan nilai eksport berjumlah RM4.7 bilion pada tahun 2019. Diikuti Singapura, Amerika Syarikat, Jepun dan Indonesia.
Selain itu, rantau ASEAN adalah salah satu pasaran eksport halal utama Malaysia yang mencatatkan gabungan eksport halal sekitar RM12 bilion pada tahun 2019.Data-data ini menunjukkan potensi eksport di pasaran-pasaran tersebut dan wajar bagi PKS tempatan untuk mengambil peluang mengeksport ke negara-negara ini.
"Pasaran halal global menawarkan peluang yang sangat besar untuk PKS tempatan, terutamanya dalam mengeksport produk makanan ke luar negara, memandangkan sijil halal Malaysia amat terkenal dan mempunyai reputasi yang besar di peringkat dunia," kata Timbalan Menteri Perdagangan Antarabangsa dan Industri Datuk Lim Ban Hong, ketika lawatan kerja ke kilang pembuatan Kawan Food Berhad di Selangor Halal Hub, Pulau Indah semalam.
Tujuan lawatan ke Kawan Food ini adalah untuk meninjau pematuhan pihak kilang kepada Prosedur Operasi Standard (SOP) semasa Perintah Kawalan Pergerakan Fasa Pemulihan (PKPP) ini, dan mengetahui lebih mendalam mengenai gangguan rantaian bekalan global, serta pendekatan yang diambil oleh industri dalam menjalankan perniagaan di norma baru.
Kawan Food ialah salah satu pengeluar dan pengeksport produk makanan halal yang terkemuka di Malaysia. Antara produk keluaran mereka termasuk produk sejuk beku capati, popiah dan roti.Setakat ini, Kawan Food telah mengeksport ke 42 pasaran antarabangsa dan aktiviti eksport menyumbang 60 peratus daripada pendapatan syarikat ini pada tahun lalu.
Menurut HDC, terdapat lebih daripada 200,000 PKS tempatan yang berpotensi untuk terlibat dalam penghasilan produk halal dan penting bagi syarikat-syarikat ini mendapatkan sijil halal bagi menambah nilai kepada produk-produk mereka di peringkat domestik dan global.
HDC, yang merupakan agensi di bawah Kementerian Perdagangan Antarabangsa dan Industri (MITI), memainkan peranan sebagai penyelaras polisi dan program berkaitan dengan pembangunan industri halal di Malaysia. Manakala, Perbadanan Pembangunan Perdagangan Luar Malaysia (MATRADE) pula bertanggungjawab untuk membantu PKS-PKS tempatan mencari peluang-peluang eksport di luar negara.
“Saya ingin menggalakkan lebih banyak PKS tempatan untuk terus meneroka pasaran eksport halal yang semakin berkembang pesat serta memanfaatkan pensijilan halal Malaysia yang diiktiraf di seluruh dunia bagi memasarkan produk mereka di peringkat global,” kata Datuk Lim Ban Hong.
PEJABAT TIMBALAN MENTERI PERDAGANGAN ANTARABANGSA & INDUSTRI JUMAAT, 12 JUN 2020
KEMENTERIAN PERDAGANGAN ANTARABANGSA & INDUSTRI
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my
Released By:
DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin Dr_Uzir
11 June 2020
Released By:
DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin Dr_Uzir
11 June 2020
Released By:
DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin Dr_Uzir
11 June 2020
FOREIGN DIRECT INVESTMENT (FDI) IN MALAYSIA 2019
FDI FLOWS AND INCOME BY MAIN SECTOR
TOP COUNTRIES FOR FDI FLOWS AND INCOME
Source: Department of Statistics, Malaysia
Notes:- (%) share to total 2019- b refer to billion - negative value due to net outflows
"
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my
Released By:
DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin Dr_Uzir
11 June 2020
Released By:
DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin Dr_Uzir
11 June 2020
Released By:
DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA
DrUzir_Mahidin Dr_Uzir
11 June 2020
MALAYSIA'S DIRECT INVESTMENT ABROAD (DIA)2019
DIA FLOWS AND INCOME BY MAIN SECTOR
TOP COUNTRIES FOR DIA FLOWS AND INCOME
Source: Department of Statistics, Malaysia
Notes:- (%) share to total 2019- b refer to billion - negative value due to net outflows
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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Malaysia's ManufacturingApril 2020
Malaysia’s Manufacturing sales plunged by 33.0 per cent in April 2020 to register at RM75.8 billion as compared to RM113.1 billion
reported in 2019.
Sales ValueRM75.8 billion -33.0%
Number of Employees 2,169,473 persons -3.2%
-6.2%
-30.8%
Salaries & WagesRM6,825.4 million
RM
Sales Value Per Employees RM34,918
RM
Petroleum, Chemical, Rubber & Plastic
-2.1% -9.8% -39.6%
Food, Beverages and Tobacco
Electrical & Electronics Products
Performance of Sales in Manufacturing Sector
Textile, Wearing Apparel, Leather
& Footwear
-67.5% -69.5% -70.4%
-59.7%
Non-Metallic Mineral Products, Basic Metal
& Fabricated Metal Products
Transport Equipment & Other Manufactures
Wood, Furniture, Paper Products
& Printing
Source: Department of Statistics, MalaysiaNote: % refer to Y-o-Y Growth
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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RM3.0b
RM4.6b
Taiwan
Exports Imports
Note: % refer to Y-o-Y Growth
Mar 2019 Mar 2020 Change RM billion %
Exports 84.1 80.1 -4.7Imports 69.7 67.8 -2.7Trade Balance 14.4 12.3 -14.2Total Trade 0.2 0.1 -3.8
EMBARGO : Only to be published or disseminated at 1200 hours, Thursday, 11 June 2020
DEPARTMENT OF STATISTICS MALAYSIA
PRESS RELEASE
INDEX OF INDUSTRIAL PRODUCTION, MALAYSIA
APRIL 2020*
EMBARGO : Only to be published or disseminated at 1200 hours, Thursday, 11 June 2020
DEPARTMENT OF STATISTICS MALAYSIA
PRESS RELEASE
INDEX OF INDUSTRIAL PRODUCTION, MALAYSIA
APRIL 2020*
Malaysia's Industrial Production Index (IPI)April 2020
Malaysia’s IPI slumped 32.0 per cent in April 2020
Manufacturing Index, April 2020
Mining Index, April 2020
Crude oil & Condensate
Natural Gas -19.0%
Mar 2020: -6.0%
-20.2%Mar 2020: -7.1%
Source: Department of Statistics, MalaysiaNote: % refer to Y-o-Y Growth
MITI Weekly Bulletin | www.miti.gov.my
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
ASEA
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sMITI Weekly Bulletin | www.miti.gov.my
ASEAN total trade in services has increased significantly from US$252.2 billion in 2005 to US$778.6 billion in 2018. Total ASEAN exports of services increased nearly fourfold from US$112.5 billion in 2005 to US$404.9 billion in 2018 while total ASEAN imports of services increased nearly threefold from US$139.6 billion to US$373.8 billion (Figure 7.9). In terms of trade balance, after experiencing a continuous trade deficit since 2005, ASEAN recorded a positive balance on trade in services starting in 2015, which reached $31.1 billion in 2018.
INTERNATIONAL TRADE IN SERVICES2019
Source: https://www.aseanstats.org/publication/asean-key-figures-2019/
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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sMITI Weekly Bulletin | www.miti.gov.my
Note: % refer to Y-o-Y GrowthSource: https://timeseries.wto.org
WORLD TOP TRANSPORT EQUIPMENT EXPORTING COUNTRIES
Germany2018: US$361.94b2017: US$351.78b 2.9%
1
Global Exports 2018: US$2,253.0 billion 2.9%
USA2018: US$282.55b2017: US$287.12b 1.6%
2Japan2018: US$194.95b2017: US$184.32b 5.8%
3
France2018: US$122.60b2017: US$114.63b 7.0%6
R.O.Korea2018: US$90.44b2017: US$111.71b 19.0%7
United Kingdom2018: US$85.64b2017: US$84.34b 1.5%8
Spain2018: US$74.05b2017: US$71.08b 4.2 %
Malaysia2018: US$4.94b2017: US$4.06b 21.5 %
Mexico2018: US$134.80b2017: US$119.03b 13.2% 4
China2018: US$133.49b2017: US$118.55b 12.6% 5
Note: % refer to Y-o-Y GrowthSource: https://timeseries.wto.org
Malaysia was the fourth largest exporter amongst ASEAN members after Thailand, Singapore and Indonesia in 2018
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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tMITI Weekly Bulletin | www.miti.gov.my
Global trade continues nosedive, UNCTAD forecasts 20% drop in 2020
Merchandise trade fell by 5% in the first quarter of the year and point to a 27% drop for the second quarter and a 20% annual decline for 2020.
Source: UNCTAD calculations based on national statistics.Notes: Quarterly growth is the quarter over quarter growth rate of seasonally adjusted values. Yearly growth is the four-quarter moving average of the quarterly growth rate. Figures for Q2 2020 are estimates.
REGIONAL TRADE IN 2020
Source: UNCTAD calculations based on national statistics.Notes: Statistics for April are preliminary and based on a limited number of countries. Data excludes intra-EU trade.
TRADE IN GOODS IN 2020
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
TRADE IN MEDICAL PRODUCTS IN 2020
Source: UNCTAD calculations based on national statistics.Note: Figures are in US$ million and percentage changes are year-over-year. Data excludes intra-EU trade.
Source: UNCTAD calculations based on national statistics.Notes: Percentage changes in world trade are year-over-year. Changes for Q1 are estimated from HS6 digits data of China, European Union and United States, while these for April are estimated only from China and United States data. Data
MITI Weekly Bulletin | www.miti.gov.my
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tSECTORAL TRADE IN 2020
14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
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MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2019 - May 2020
US Dollar
Philippine Peso
Vietnamese Dong
Hong Kong Dollar
Indonesian Rupiah
Indian Rupee
4.1161
4.0746
4.35534.3418
4.06
4.11
4.16
4.21
4.26
4.31
4.36
4.41
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2019 2020
RM
USD 1 = RM
7.8498
7.7731
8.59118.5837
7.70
7.80
7.90
8.00
8.10
8.20
8.30
8.40
8.50
8.60
8.70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2019 2020
RM
PHP 100 = RM
0.0177
0.0175
0.0186
0.0174
0.0176
0.0178
0.0180
0.0182
0.0184
0.0186
0.0188
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2019 2020
RM
VND 100 = RM
52.4901
51.9208
56.185956.0110
51.50
52.00
52.50
53.00
53.50
54.00
54.50
55.00
55.50
56.00
56.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2019 2020
RM
HKD 100 = RM
0.0291
0.0302
0.0276
0.0292
0.027
0.028
0.028
0.029
0.029
0.030
0.030
0.031
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2019 2020
RM
IDR 100 = RM
5.8219
5.9949
5.7180
5.7394
5.60
5.65
5.70
5.75
5.80
5.85
5.90
5.95
6.00
6.05
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2019 2020
RM
INR 100 = RM
17MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
3.8%*US$250.0
(low)
3.6%*US$270.0
(high)12 June 2020
3.7%*US$44.5
5.9%* US$1,582.3
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Commodity Prices
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
RUBBER SMR 20 -per MT-
1.3%*US$1,142.5
COCOA SMC 2 -per MT-
COAL -per MT-
SUGAR -per lbs-
0.4%*US$12.0
SCRAP IRON HMS -per MT-
Average Price 2019 i : US$1,414.6 Average Price 2019 i : US$1,592.4 Average Price 2019 i : US¢12.4
Average Price 2019 i : US$316.9 (high)Average Price 2019 i : US$291.6(low)Average Price 2019 i : US$56.5
Domestic Prices12 June 2020
Steel Bars(per MT)
RM2,000 – RM2,150
Billets(per MT)
RM1,700 - RM1,800
12 June 2020 12 June 2020 12 June 2020
12 June 2020
8.4%*US$38.7
CRUDE PETROLEUM (BRENT) -per bbl-
12 June 2020
CRUDE PALM OIL -per MT-
0.1%*US$556.8
12 June 2020
17 May 2019 : US$72.2
Highest2019/2020
03 Jan 2020 : US$68.6
24 Apr 2020 : US$21.4 09 Aug 2019 : US$54.5
Lowest2019/2020
27 Dec 2019 : US$794.5
Highest2019/2020
10 Jan 2020 : US$761.9
8 May 2020 : US$473.0 26 Jul 2019 : US$488.5
Lowest2019/2020
Average Price 2019 i : US$64.2 Average Price 2019 i : US$557.1
18MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,630.3
1,559.6
1,706.1
1,615.1
1,741.1
1,768.4
1,620.0
1,605.1
1,599.0
1,650.0
1,681.5
1,582.3
1,500
1,550
1,600
1,650
1,700
1,750
1,800
1,850
1,900
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June
2020
US$
/mt
Cocoa
1,737
1,698
1,718
1,696
1,696 1,711
1,719
1,7041,697 1,702
1,760
1,838
1,650.0
1,670.0
1,690.0
1,710.0
1,730.0
1,750.0
1,770.0
1,790.0
1,810.0
1,830.0
1,850.0
27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun
2020
US$
/mt
Pepper
1,117.5
1,067.0
1,130.5 1,132.5
1,112.0
1,081.5
1,106.5
1,099.5
1,104.51,108.5
1,157.0
1,142.5
1,050
1,070
1,090
1,110
1,130
1,150
1,170
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June
2020
US$
/mt
Rubber SMR 20
21.5
28.3
22.8
18.316.9
18.8
24.7
29.4
33.3
35.5
39.6
36.3
24.9
34.1
31.5
28.1
21.4
25.3
31.032.5
35.1 35.3
42.3
38.7
10
15
20
25
30
35
40
45
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
573.5
542.7
546.8
525.0
494.5
484.6
473.0478.7
506.2
525.0
557.7
556.8
400
420
440
460
480
500
520
540
560
580
600
27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June
US$
/mt
Crude Palm Oil
11.1
10.3
10.5 10.5
9.8
10.410.3
10.4
10.9 10.9
12.1 12.0
9.5
10.0
10.5
11.0
11.5
12.0
12.5
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June
2020
US¢
/lbs
Sugar
19MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
14.514.5
16.1
15.3
15.3
15.0
15.8
17.1
17.7
18.5
17.5
17.9
14.0
14.5
15.0
15.5
16.0
16.5
17.0
17.5
18.0
18.5
19.0
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun
2020
US$
/oz
Silver
52.0 51.9
54.0
54.4
55.2
54.7 54.8
55.8 55.7 55.6
54.1
55.7
50.0
51.0
52.0
53.0
54.0
55.0
56.0
57.0
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun
2020
US$
/g
Gold
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
2,23
8 2,
082
2,05
2 2,
026
2,03
0
1,93
9 1,
920
1,85
4 1,
863
1,87
1 1,
845
1,78
1 1,
756
1,79
7 1,
741
1,75
4 1,
726 1,77
5 1,
771
1,77
3 1,
688
1,61
1 1,
460
1,46
6
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
Jun
Jul
Aug Se
pO
ctN
ov
Dec Jan
Feb
Mar
Apr
May Jun
Jul
Aug Se
pO
ctN
ov
Dec Jan
Feb
Mar
Apr
May
2018 2019 2020
US$
/ to
nn
e
Aluminium
6,96
6 6,
251
6,05
1 6,
051 6,22
0 6,
196
6,07
5 5,
939
6,30
0 6,43
9 6,
438
6,01
8 5,
882
5,94
1 5,
709
5,75
9 5,
757
5,86
0 6,07
7 6,
031
5,68
8 5,
183
5,05
8 5,24
0
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jun Jul
Aug Se
pO
ctN
ov Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
pO
ctN
ov Dec Jan
Feb
Mar
Apr
May
2018 2019 2020
US$
/ to
nne
Copper
15,1
06
13,7
94
13,4
11
12,5
10
12,3
15
11,2
40
10,8
35
11,5
23 12
,685
13
,026
12
,773
12
,016
11
,944
13
,546
15
,749
17
,657
17,0
46
15,1
72
13,8
29
13,5
07
12,7
16
11,8
46
11,8
04
12,1
80
7,000
9,000
11,000
13,000
15,000
17,000
19,000
Jun Jul
Aug Se
pO
ctN
ov
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
pO
ctN
ov
Dec Jan
Feb
Mar
Apr
May
2018 2019 2020
US$
/ to
nn
e
Nickel
Commodity Price Trends
65
.04
64
.56
67
.15
68
.44 7
3.4
1
73
.26
69
.15
76
.16
88
.22
86
.47
93
.70 1
00
.15
10
8.9
41
20
.24
93
.07
93
.08
88
.53
84
.98
92
.65
95
.76
87
.68
88
.99
84
.73
93
.65
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
130.0
Jun
Jul
Au
g
Se
p
Oct
No
v
De
c
Jan
Fe
b
Ma
r
Ap
r
Ma
y
Jun
Jul
Au
g
Se
p
Oct
No
v
De
c
Jan
Fe
b
Ma
r
Ap
r
Ma
y
2018 2019 2020
US
$/d
mtu
Iron Ore
740.3
718.1
748.6
785.3
773.8
813.0
789.3
817.1
886.3
874.6
830.4824.0
700.0
720.0
740.0
760.0
780.0
800.0
820.0
840.0
860.0
880.0
900.0
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun
2020
US
$/o
z
Platinum
275.0 275.0 275.0 275.0 275.0 275.0 275.0
270.0 270.0
280.0 280.0
270.0
255.0 255.0 255.0 255.0 255.0 255.0 255.0
250.0 250.0
260.0 260.0
250.0
230
240
250
260
270
280
290
27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun
2020
US
$/m
t
Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)
34.1 34.1 34.1
34.1
39.5
39.9 40.0
38.8
38.7
38.5
46.2
44.5
30
32
34
36
38
40
42
44
46
48
27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun
US
$/t
Coal
20MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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21MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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