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News Admin
 
Date
 25/08/2020
News Provider
 Nur Aisha Abd. Wahab
News Source
 The Edge Markets
Headline
 Visits to overseas markets made to expand oil palm exports — ministry

The Edge Markets (24/08/2020) - KUALA LUMPUR (Aug 24): The Ministry of Plantation Industries and Commodities (MPIC) said various efforts have been made to pave the way to export palm oil to new markets such as China’s hinterlands, Central Asian countries, Balkan states, Eastern Europe, Caribbean islands and African countries.

The MPIC said this in a written reply to a question from Datuk Seri Rohani Abdul Karim (GPS-Batang Lupar) on the impact from the ministry’s efforts to promote oil palm in the countries it had visited.


“During a visit to Ethiopia, one Malaysian company was offered a tender to export 27,000 tonnes of oil palm to the country,” it said.


Aside from promoting the nation’s palm oil, the visits had also strengthened bilateral relations with the respective countries via existing bilateral cooperation frameworks to ease the acceptance of Malaysian palm oil in terms of getting the best export terms for the product.


“The MPIC has also expanded efforts and initiatives with regards to the Malaysian Sustainable Palm Oil certification, as well as ongoing forest and biodiversity conservation measures.


“We have also lobbied palm oil-importing countries with regards to the positive aspects on the use of palm oil in nutritional and non-nutritional applications,” it said.


The visits had also mitigated anti-palm oil campaigns which had more or less affected the nation’s palm oil trade.


“Engagement sessions and presentation of the country’s way forward, which is in line with Sustainable Development Goals, have restored the nation’s palm oil image globally,” the ministry said.


MPIC added that the efforts resulted in an increase in exports in 2019, where it rose by 10.8 per cent to 27.98 million tonnes from 25.23 million tonnes in 2018.


“Exports of palm oil and palm oil-based products to India increased by 67 per cent from 2.67 million tonnes in 2018 to 4.46 million tonnes in 2019, while exports to European Union countries rose by 2.3 per cent to 3.89 million tonnes in 2019 compared to the previous year,” it said.


The ministry added that the rise in exports also had a positive impact on the price of crude palm oil, which stood at RM2,739 per tonne as at July 23, 2020.


Read more at https://www.theedgemarkets.com/article/visits-overseas-markets-made-expand-oil-palm-exports-%E2%80%94-ministry



ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7802 2800 || Fax : 603 - 7803 3533