Palm oil: Egypt is Malaysia’s key trade partner as government sets sights on South Africa and Middle East

Egypt remains Malaysia’s key trading partner as the government sets to expand its palm oil exports to South Africa and the Middle East. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said Egypt, home to roughly 105 million people, consumes about 1.2 million tonnes of palm oil annually. He led a Malaysian delegation to Egypt and Turkiye for a working visit from May 27 to June 1. In Cairo, he was received by Egypt’s Supply and Internal Trade Minister Dr Ali El Moselhi. “I am confident that Egypt’s strategic geographical location would enhance our nations’ economic prosperities. “In our discussions, I emphasised to the Egyptian government regarding Malaysia’s commitment to providing Egypt with a steady supply of high quality and sustainable palm oil certified by our locally-developed certification standard, MSPO. “I look forward to further cooperating with His Excellency Dr Ali to ensure mutually beneficial trade relations,” he said in a posting on X. On Friday, ...