Exports of Malaysian palm oil to Africa set to increase

While Africa accounts for around 12% to 13% of the global CPO consumption, it only accounts for 4% of the global CPO output and this presents an opportunity for the African players, as well as Asean CPO producers looking to tap into the African market

KUALA LUMPUR: The exports of Malaysian crude palm oil (CPO) to the African continent are expected to increase to about nine million tonnes this year compared with six million tonnes over the last decade, according to 3XG UK Consulting Ltd.

Founder and chief strategist Abah Ofon, said the higher demand had signalled that the consumption of the edible oil in the continent is growing at a rapid pace, for use among others in processed food.