Malaysia to help India in palm oil supply


Plantation Industries and Commodities (MPIC) Minister Datuk Zuraida Kamaruddin said that in less than one year, Indonesia’s policy on palm oil export has created market uncertainties in major importing countries like India.

KUALA LUMPUR: Malaysia is prepared to meet India’s demand for palm oil in light of potentially inconsistent supply from Indonesia as a result of changes in palm oil export policy.

Plantation Industries and Commodities (MPIC) Minister Datuk Zuraida Kamaruddin said that in less than one year, Indonesia’s policy on palm oil export has created market uncertainties in major importing countries like India.

“The MPIC will step up efforts to promote Malaysian palm oil, not just in India but throughout the world, including non-traditional markets in line with ‘The Global Movement to Champion the Goodness of Palm Oil’ campaign,” she said in a statement. — Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Malaysia , India , palm oil , Indonesia ,

   

Next In Business News

Overall market stays bullish on Budget 2023 hopes, improved global sentiment
Thai headline CPI rises 6.41% y/y in Sept, less than forecast
Proton's sales exceed 100,000 units end-Sept 2022
BNM: Islamic financial sector must continue to advance amid global challenges
Shares in Hibiscus Petroleum up 10% on the back of capital reduction plan, oil price rally
Ringgit marginally higher on rising risk sentiment ahead of Budget 2023
Bursa rally picks up speed as global sentiment turns positive
Trading ideas: Hibiscus Petroleum, Dolomite, Econpile, Majuperak and MSM Malaysia
Consumer prices in Japan’s capital rise at fastest pace since 2014
Global metals volumes slide

Others Also Read