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.