Malaysia plans to increase palm oil exports to the Middle East and Africa

Malaysia plans to increase palm oil exports to the Middle East and Africa markets by establishing new export centers in Egypt and Saudi Arabia. This was stated in an interview published on Friday with the Nikkei newspaper, Deputy Prime Minister, Minister of Plantation Industry and Commodities of the country Fadilla Yusof. "There are several strategies that we are considering. Firstly, we are exploring new markets and at the same time strengthening relations with all countries that are close to us," he said. According to the Deputy Prime Minister, a meeting was recently held with the Egyptian Ambassador to Malaysia, who announced his country's aspiration to "become a regional center for the supply of palm oil." "They want to import more of our product so that Egypt is a hub so they can distribute the oil in Africa," Yusof said. "The same applies to the markets of the Middle East. For example, Saudi Arabia is also interested [in becoming an export center]," the vice premier ...