Africa the next Malaysian palm oil growth area


“Malaysia’s position as a leading supplier of sustainable and quality oil products must be exploited to the fullest, and there is ample opportunity for growth of palm oil supply in sub-Saharan Africa (SSA), particularly southern Africa, ” said Dawie Theron, Sime Darby Oils South Africa’s senior trading manager

KUALA LUMPUR: Africa, a continent with a population of over 1.3 billion and expected to increase to 2.5 billion by 2050, offers bright prospects for Malaysian palm oil, with demand likely to come from industries such as food, cosmetics and pharmaceuticals, say palm oil experts.

“Malaysia’s position as a leading supplier of sustainable and quality oil products must be exploited to the fullest, and there is ample opportunity for growth of palm oil supply in sub-Saharan Africa (SSA), particularly southern Africa, ” said Dawie Theron, Sime Darby Oils South Africa’s senior trading manager.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Sime Darby , plantations , palm oil , Nestle , Aspen , Unilever

   

Next In Business News

Malaysia's exports rise in 1Q to RM362.41bil
Malaysia's economy likely grew 3.9% y-o-y in Q1 - advance estimate
Oil prices surge 3% on reports of Israeli strikes on Iran
US bonds rally on reports of Middle East missile strike
Fed policymakers agree: there's no urgency to cut rates
Ringgit opens easier against US$ as Fed turns hawkish
Main Market-bound Keyfield to gain from AWB market upcycle
FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Smart Asia en route for listing on ACE Market

Others Also Read