Two-pronged strategy to strengthen Malaysian palm product export market

Published 2022년 1월 9일

Tridge summary

The Malaysian government is strategizing to enhance the competitiveness of its palm oil export market in Asia and counter the anti-palm oil campaigns by the European Union. This strategy includes improving the quality and image of palm oil, exploring new markets, and targeting existing ones like India, Pakistan, Bangladesh, and Afghanistan. The Plantation Industries and Commodities Ministry also aims for a 30% increase in palm oil exports in 2022, leveraging the 40% rise in downstream palm oil and derivatives exports to RM91.4 billion for the first eleven months of 2021, despite the pandemic's impact.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

ALOR GAJAH (Jan 9): The government will adopt a two-pronged strategic approach in strengthening the palm oil export market in the Asian region, as well as addressing the issue of anti-palm oil campaign by the European Union (EU). Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said the move includes strengthening the image and improving the quality of the country's palm oil. “We know that the sentiment campaign is an old issue to lower the yield of palm oil products because it is a competition for the product market. "But to address that, our focus is also to explore new and bigger markets to ensure that Malaysia can become a leading exporting country in Asia," he told reporters after presenting post-flood aid in Kampung Pengkalan here on Sunday (Jan 9). Zuraida said among the countries in focus are those in Central and South Asia such as India, Pakistan, Bangladesh and Afghanistan, as they are the country's main importers of palm oil. “Our focus now is on ...

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