Malaysia wants to increase palm oil supplies to Kazakhstan and Uzbekistan

Published Apr 25, 2023

Tridge summary

Malaysian palm oil producers have concluded a business mission in Central Asia, aiming to boost exports to the region. The first trade visit to Kazakhstan and Uzbekistan, organized by the Malaysian Palm Oil Producers Council (MPOC), is anticipated to increase exports to $15 million. The delegation's objective was to establish new business connections and increase palm oil consumption in Central Asia, a market with high demand for vegetable oils. In 2022, Uzbekistan and Kazakhstan imported Malaysian palm oil products worth around $36.5 million and $48 million, respectively. MPOC intends to continue representing the Malaysian palm oil industry in these high demand markets, focusing on sustainable practices.

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Original content

Palm oil producers from Malaysia visited the countries of Central Asia on a business mission to explore opportunities for expanding exports. As a result of the mission, palm oil exports to this region are expected to grow to $15 million. The Malaysian Palm Oil Producers Council (MPOC) recently organized the first trade and business visit in 2023 to Almaty (Kazakhstan) and Tashkent (Uzbekistan). With Malaysian palm oil consumption on the rise, the MROS provided an opportunity for the industry to explore new avenues to expand ties and increase palm oil consumption in Central Asian regions. Kazakhstan and Uzbekistan were visited by 11 representatives of seven Malaysian palm oil companies. MROS led a delegation that visited two industrial enterprises in Almaty and four in Tashkent. These meetings were organized by MPOC to establish contacts with current and potential buyers of Malaysian palm oil in Kazakhstan and Uzbekistan. This series of meetings helped to successfully solve the ...

Source: Oilworld