Malaysia's supply of palm oil is sufficient for the US and EU

Published 2022년 4월 13일

Tridge summary

Malaysia has enough palm oil to meet the demand of the US and EU due to a shortage of other edible oils caused by the Ukraine-Russia conflict, says Datuk Zuraida Kamaruddin, the Minister of Plantation Industries and Commodities. The country has already started cross-border transactions to supply palm oil to these regions. A special committee will also be set up to expedite the approval of 500,000 foreign workers in various sectors, including plantations. Minister Zuraida will promote Malaysian agrocodities, including palm oil, rubber, and timber, in Egypt and Qatar.

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Original content

KUALA LUMPUR: Malaysia has an adequate supply of palm oil for the demand of the United States (US) and the European Union (EU), said Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin. He said cross -border transactions for Malaysia to supply palm oil to the US and the EU had already begun. “The Ukraine-Russia war resulted in a shortage of supplies of other edible oils such as soybean oil, corn oil and sunflower oil. "Now the US and the EU have no choice but to turn back to using palm oil," he told reporters at the Malaysian Rubber Council's (MRC) Ramadan Iftar and Caring Assistance Presentation at Masjid Darul Ehsan, Taman TAR, Ampang, near here. According to Zuraida, the demand for palm oil back is an opportunity for Malaysia to prove the benefits of the product which had previously faced pressure and prejudicial propaganda. In the meantime, he said a special committee would meet daily from April 15 to expedite the approval of 500,000 foreign workers ...

Source: Astroawani