KUALA LUMPUR, Oct 6 — The Malaysian Palm Oil Council (MPOC) has urged palm oil industry players to strategically shift towards exploring other high-potential markets for palm oil...
The Malaysian Palm Oil Council has urged palm oil industry players to strategically shift towards exploring other high-potential markets for palm oil exports. — Picture by Farhan NajibKUALA LUMPUR, Oct 6 — The Malaysian Palm Oil Council has urged palm oil industry players to strategically shift towards exploring other high-potential markets for palm oil exports.
“It is necessary to explore new and burgeoning markets. The palm oil industry must expand its footprint in regions such as East and West Africa, Central Asia, and the Middle East while intensifying efforts to bolster palm oil consumption in existing importing countries. On the European Union market, Sron emphasised the importance of positioning Malaysian Sustainable Palm Oil as a recognised compliance pathway for the European Union Deforestation Regulation .
“The EU, as the third-largest destination for palm oil exports and consumption last year, holds significant economic importance for Malaysia’s palm oil sector.
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