KUALA LUMPUR: Malaysia is looking to strengthen diplomatic ties with India and create a “win-win” situation on palm oil trade, according to the Plantation Industries and Commodities ministry.
"Better ties will improve Malaysia’s palm oil shipments to India, a key buyer, according to a speech text by its minister Datuk Dr Khairuddin Aman Razali at an online industry event on Tuesday
"Ministry will also focus on expanding Malaysia’s palm oil market share to new markets in the Middle East and African continent, while strengthening existing markets in Europe and China," he said.
The ministry is drafting new policies, strategies to ensure the palm oil industry remains competitive via the 12th Malaysian Plan that runs between 2021-2025.
Industry regulator Malaysian Palm Oil Board has launched 15 new technologies this year on planting material, fertiliser formulation, controlling crop pests and diseases. - Bloomberg
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