Malaysia, Indonesia to strengthen cooperation in palm oil industry
Published on: Thursday, February 08, 2024
By: Bernama
.jpg "Malaysia, Indonesia to strengthen cooperation in palm oil industry")
Malaysia is the world’s second-largest producer of palm oil after Indonesia.
Kuala Lumpur: The plantation and commodities ministry and the Council of Palm Oil Producing Countries (CPOPC) plan to further strengthen the collaboration between Malaysia and Indonesia for the benefit of the palm oil industry in both countries.
Following a visit from the CPOPC today, plantation and commodities minister Datuk Seri Johari Ghani said the matters discussed included disseminating information to the world on the high standards in palm oil production in Malaysia and Indonesia.
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“Palm oil production is vital to Malaysia’s economy, and we are the second-largest producer globally after Indonesia,” he said in a post on X.
Johari said the CPOPC’s efforts were among the strategies to promote Malaysia’s palm oil industry and make the commodity the global vegetable oil of choice.
“This is also to ensure that the global community is aware of the benefits of palm oil,” he said.
On Monday, Egyptian ambassador Ragai Tawfik Said Nasr visited Johari to discuss making Egypt a gateway to expand Malaysia’s palm oil exports to Africa through the Suez Canal Economic Zone.
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The minister said the governments of both countries were exploring a partnership in marketing palm products, with the involvement of private players.
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