Bangladesh asks Malaysia to boost palm oil supplies ahead of Ramadan

Published 2024년 11월 28일

Tridge summary

Bashir Uddin, an advisor to Bangladesh's Commerce Ministry, has urged Malaysia to increase its supply of refined palm oil to Bangladesh in preparation for Ramadan. In response, Malaysian Minister for Plantation and Commodities, Datuk Seri Johari bin Abdul Gani, promised swift action with government backing. Their meeting also explored Bangladesh-Malaysia bilateral relations, supply chains for essential commodities, and potential trade opportunities, such as a joint commodity exchange. Bangladesh aims to distribute essential goods to 10 million families via a state-owned corporation. Meanwhile, Malaysia, a leading palm oil producer, experienced a 5% export decline in November, and Bangladesh has reduced VAT on soybean and palm oil imports to 10% until December 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Advisor to Bangladesh Commerce Ministry Bashir Uddin has requested Malaysian Minister for Plantation and Commodities Datuk Seri Johari bin Abdul Gani to take necessary steps at the earliest to increase the supply of refined palm oil to Bangladesh with the support of the Malaysian government ahead of the holy month of Ramadan, reports BSS News. Abdul Ghani in response assured to take immediate action under the patronage of his government. During the meeting, the ministers highlighted various aspects of Bangladesh-Malaysia bilateral relations and briefed each other about the demand, production and supply chain of essential commodities. It is noted that Bangladesh during the visit actualized a plan to provide various essential commodities, including edible oil, at fair prices to 10 million families under the social safety net program through the state-owned Trading Corporation, which handles procurement and logistics. The two sides also discussed cooperation in the development of the ...

Source: UkrAgroConsult