KPK: The export value of Malaysia's oil palm Jan to Oct 2023 is worth RM51.4 billion

Published 2023년 11월 30일

Tridge summary

Malaysia's palm oil exports from January to October 2023 are valued at RM51.40 billion, with India remaining the main importer. China and the European Union are the second and third largest markets for Malaysian palm oil, with export values of RM4.42 billion and RM3.71 billion, respectively. The Ministry of Plantation and Commodities plans to focus on increasing exports to the Middle East, Africa, ASEAN, and Central Asia regions in 2024, with a special emphasis on value-added products and promoting the Malaysian Sustainable Palm Oil Certification Scheme (MSPO) certification. In addition, efforts are being made to expand kenaf cultivation in Sabah and Sarawak through cooperation with local stakeholders.

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Original content

KUALA LUMPUR: Malaysia's palm oil exports for the period from January to October 2023 are worth RM51.40 billion with an export quantity of 12.34 million tonnes, said the Ministry of Plantation and Commodities (KPK). According to the KPK, for the same period, the export value of palm oil for the 10 main importing countries was worth RM31.46 billion with an export quantity of 7.79 million tons. "During that period, India remained Malaysia's main importer of palm oil. The value and quantity of palm oil exports to India amounted to RM8.87 billion and 2.28 million tonnes. "China is the second largest market with an export value of RM4.42 billion and a quantity of 1.14 million tonnes, followed by the European Union with RM3.71 billion and an export quantity of 0.85 million tonnes," he said in a written answer published on the Parliament website on 29 November. KPK responded to a question from Senator Datuk Dr Nuing Jeluing who asked the Minister of Plantation and Commodities to state ...

Source: Astroawani