“Food Industries” at the Malaysian Palm Oil Forum; Egypt is one of the largest countries importing the product

Published 2024년 5월 28일

Tridge summary

Egypt is a significant player in the global palm oil industry, both as a consumer and producer of various oils and fats. The country's consumption is rising, positioning it as the fourth largest global importer after India, China, and the United States. Despite this, the Egyptian Chamber of Food Industries is advocating for the sustainable production of oils, particularly vegetable oils, which are crucial for their nutritional value and potential as biofuels. By 2030, Egypt plans to transition to renewable energy sources and cease the use of products dependent on biofuels, in line with its sustainability goals.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Zakaria Al-Shafi’i, Director of the Oils and Fats Department at the Egyptian Chamber of Food Industries, said that Egypt has a role in the palm oil industry with regard to global production. He added in his speech during the Malaysian Palm Oil Egypt 2024 Forum that palm oil is a fat, and that Egypt is one of the largest consumers of oils and fats, in addition to the fats extracted from cow’s milk, but vegetable oils have a different importance, as they provide the highest nutritional values. He continued that Egypt produces soybeans to obtain oils, pointing out that there are many different fatty products, the most prominent of which are vegetable oils, including corn oil. He stated that India is the largest importer of palm oil in the world, followed by China, then the United States, followed by Egypt, but the rate of consumption within Egypt is increasing significantly, so we need to provide sustainability and biofuel solutions. He pointed out that vegetable oils are important ...
Source: Almalnews

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