Tridge summary
Malaysia is planning to increase palm oil exports to Russia, as announced by Prime Minister Anwar Ibrahim. The country is also in talks with Egypt, India, China, and the Netherlands to increase purchases of Malaysian goods, including palm oil. Malaysia is expanding palm oil supplies to key buyers as part of a program to promote the product on the world market, despite concerns over a new EU law that prohibits the supply of products involved in deforestation and child labor, including palm oil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Malaysia plans to increase palm oil exports to the Russian market in the near future. The Prime Minister of the Asian country, Anwar Ibrahim, announced such intentions, the Bernama news agency writes. “We ask Russia to increase imports of palm oil from Malaysia, which is why we are establishing relations with it,” the head of government is quoted as saying in the statement. No specific data on deliveries to Russia is provided. According to the Statista service, last year the kingdom imported 14.79 million tons of the product to all importing countries, although this is 220 thousand less than the 2020 level. Ibrahim recalled that other buyers of goods from Malaysia include Egypt, India, China and the Netherlands. Similar negotiations are underway with them. The Malaysian Prime Minister said that China and India have already expressed their readiness to increase purchases. The positions of other countries have not yet been announced. As OleoScope reports, Malaysia is expanding palm ...
Source: Rosng
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