MPOC chief Belvinder said exports to the Asean region accounted for 9% of Malaysia’s total palm oil exports in 2022.
PETALING JAYA: The Malaysian palm oil industry is poised to capitalise on the vast opportunities offered by the Philippines, Vietnam and Myanmar following a two-day trade and networking session hosted by the Malaysian Palm Oil Council (MPOC) this week.
The event on June 20-21, which brought together delegates from the three countries and Malaysian palm oil industry members, was aimed at fostering meaningful connections, exploring potential partnerships, and taking advantage of the market opportunities there.
MPOC chief executive officer Belvinder Sron said exports to the Asean region accounted for 9% of Malaysia’s total palm oil exports in 2022.
Belvinder shared that the driving factors behind the growth potential in these markets were the robust expansion of the food and beverage sector and impressive gross domestic product growth, among others.
To capitalise on these prospects, MPOC had designed a comprehensive programme for the trade and networking session.
