Malaysia to explore further opportunities for palm oil and rubber

Published 2022년 4월 21일

Tridge summary

Malaysia is increasing its efforts to boost demand for palm oil and rubber by engaging with Egyptian and Qatari agricultural players. The Ministry of Plantation Industries and Commodities (MPIC) is proposing several initiatives, including including Malaysian palm oil in the Egyptian Food Subsidy Scheme. The MPIC anticipates a 4.9% increase in crude palm oil production this year. To increase exports of Malaysian commodities, especially palm oil, the MPIC Minister conducted an Economic and Agricommodities Promotion Mission to Egypt and Qatar, encouraging Qatari investors to collaborate with Malaysian manufacturers.

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Original content

KUALA LUMPUR (April 21): Malaysia is intensifying its efforts to boost demand for palm oil and rubber, and is ready to meet the encouraging demand for the commodities. To this end, the Ministry of Plantation Industries and Commodities (MPIC) is engaging with Egyptian and Qatari agricommodity players to propose several initiatives, including a proposal to have the Malaysian palm oil included in the Egyptian Food Subsidy Scheme. In a statement Thursday (April 21), the MPIC said the Malaysian Palm Oil Board anticipates crude palm oil production to improve by 4.9% to 19 million tonnes this year, from 18.12 million tonnes in 2021. “This would increase palm oil stocks by 21.1% to 1.95 million tonnes in 2022, from 1.61 million tonnes in 2021. “This is excellent news for industry players and market onlookers, as it shows that Malaysia is prepared to meet the encouraging demand for palm oil from the market, including from Egypt and Qatar,” it said. To increase exports of Malaysian ...

Source: Theedgemarkets