Malaysia strengthens its position in the global palm oil market
RBD Palm Oil
Malaysia
Published May 18, 2022
Tridge summary
Malaysia has significantly increased palm oil exports as demand for the product is growing during a global reduction in the supply of vegetable oil from Ukraine and Indonesia. It is reported by the Financial Times. Thus, according to Intertek, the supply of palm oil from Malaysia increased by 40% in the first 10 days of May compared to the same period of the previous month, to almost 391 thousand tons.
Original content
05/17/2022 Malaysia has boosted palm oil exports significantly as demand for the product rises during a global cut in vegetable oil supplies from Ukraine and Indonesia. It is reported by the Financial Times. Thus, according to Intertek, the supply of palm oil from Malaysia increased by 40% in the first 10 days of May compared to the same period of the previous month, to almost 391 thousand tons. Malaysia is seeking to capitalize on rising commodity prices and is separating itself from other exporters with food protectionism. Thus, Russia, which provided 20% of world grain exports, announced a temporary ban on the supply of wheat. The export of sunflower seeds and rapeseed abroad has been temporarily limited, and an export quota for sunflower oil has been introduced. The export of staple foodstuffs, including wheat and oats, has also been banned by Ukraine, the world's fifth-largest exporter of wheat. At the same time, the export of sunflower oil from this country has not been ...
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