Malaysian Minister of Agriculture: Extending Egypt’s accreditation as an organizer of the Palm Oil Forum

Published 2024년 5월 28일

Tridge summary

Malaysian Minister of Agriculture, Johari Abdul Ghani, has revealed a strategic plan to manufacture and export palm oil from Egypt during the Malaysian Palm Oil Egypt 2024 Forum. The plan aims to transform Egypt into a manufacturing hub for Malaysian oil, with discussions underway to implement the plan. Malaysia's palm oil exports were valued at $22 billion, with the industry contributing 3% to the domestic product. The country is the world's second-largest palm oil producer, accounting for 32% of global production. The Malaysian government is focusing on sustainable production principles and is using the Malaysian Palm Oil Forum to promote trade, explore cooperation opportunities, and introduce higher value products in Egypt and North Africa.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Johari Abdul Ghani, Malaysian Minister of Agriculture, said during the Malaysian Palm Oil Egypt 2024 Forum held in Egypt Now that there is a strategic plan to manufacture and export palm oil from Egypt. He added that there are sessions and discussions with officials between the two countries to implement the plan, which includes transforming Egypt into a center for manufacturing Malaysian oil. The minister revealed that the plan began with my meeting with the Egyptian ambassador to Malaysia, and then it was approved to extend the forum’s contract in Egypt during the coming period after the success of two sessions in the current and last year. The minister had said that his country's exports of palm oil amounted to $22 billion and that one million Malaysian citizens work in the field. Abdul Ghani added that the palm oil industry represents 3% of the domestic product, and Malaysia is the second country in the world in palm oil production, with a global share of 32%. The Minister ...
Source: Almalnews

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.