Malaysia seeks to regain palm oil market share in China

rising palm oil prices, which had overtaken soyabean oil prices, making the latter the preferred choice for Chinese buyers, Johari said in the 27 November report. “For the first time, the price of our palm oil has increased and is more expensive than soyabean oil,” he told reporters at the Malaysian Palm Oil Council (MPOC) Industry Dialogue with Chinese Buyers. Johari said China had been a key and strategic market for Malaysia, maintaining its position as one of the country’s top palm oil export destinations for over a decade. “However, our exports to China have fallen by almost 39% in the first 10 months of this year. This sharp decline suggests deeper challenges relating not only to competitiveness and logistics but also to pricing dynamics and market positioning,” he added. Johari said the aim of the event was to understand how Malaysia could regain its competitiveness and restore its long-established position in the Chinese market. “This group collectively accounts for roughly ...