Malaysia targets Saudi Arabia, Ethiopia for palm oil exports

Putrajaya says it is looking for new markets as a long-term initiative to boost palm oil exports.

JEMPOL: Malaysia has targeted Saudi Arabia and Ethiopia for its palm oil exports and efforts will begin next week to explore the two markets.

“The two countries are the early targets of the government in its efforts to explore new markets as a long-term initiative to market palm oil,” Primary Industries Minister Teresa Kok said.

She said her deputy, Iskandar Mohd Akin, will be making an official visit to both countries in the coming week.

Iskandar will attend a palm oil seminar in Saudi Arabia before visiting Ethiopia, she said after officiating a Cooking with Palm Oil competition in conjunction with the Love MY Palm Oil campaign 2019 here today.

Also present were Malaysian Palm Oil Certification Council chief executive officer Chew Jit Seng and Havys Oil Mill Sdn Bhd chairman Lim Kin Eng.

Kok said other ministries would assist in the promotion of palm oil whenever invitations for official overseas visits were received.

“Defence Minister Mohamad Sabu has previously indicated that he would try and attract Russian and Iranian interest in buying Malaysian palm oil when attending meetings related to defence with both countries.

“These are also new markets for Malaysia and I am confident they will contribute to the government’s initiatives to enhance palm oil exports,” she said.

Asked about the government’s efforts at enhancing bilateral relations between Malaysia and China, Kok said the move would help contribute to an increase in the export value of local commodities,

“The Malaysian Palm Oil Council and my ministry will organise programmes to try and attract more companies from China to invest in Malaysia as well as to purchase palm oil,” she said.