KUALA LUMPUR (April 10): Afghanistan can be the golden gateway for Malaysian palm oil to be marketed in Central Asia such as Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan as well as other countries in the region.
The Ministry of Plantation Industries and Commodities (MPIC) said the possibility was discussed by its Minister Datuk Dr Mohd Khairuddin Aman Razali with the Afghanistan ambassador to Malaysia, Dr Mohib Rahman Spingar, who paid a courtesy call on the ministry on Thursday.
Khairuddin said Afghanistan also welcomed the proposal to import more Malaysian palm oil and both sides agreed to explore the potential in expanding Malaysia s direct palm oil exports to Afghanistan, which currently stood at 75,000 tonnes a year to 150,000 tonnes a year.
Turbulent times ahead? Malaysia palm oil faces uncertain 2021 with price, production and policy challenges The palm oil industry in Malaysia needs to prepare itself for an uncertain year ahead with expected price volatility, production decrease and policy changes in the west, with the government attempting to shift to more value-added products in hopes of providing a boost.
According to data from the Malaysian Palm Oil Council (MPOC), palm oil prices on a global scale are expected to face a lot of uncertainty in 2021, as there are many key factors that could casue changes, all of which are subject to unpredictable changes.
Malaysia’s palm oil total export value is expected to surpass rm70 billion in 2020 as palm oil importing-countries are stocking up their inventories due to plunging demand. Plantation Industries and Commodities Ministry (MPIC) secretary-general Datuk Ravi Muthayah said the country’s export earnings is expected to reach RM52 billion for the year. Muthayah said that palm .