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Industry players urge MPOC to host trade & networking events in Asia Pacific, Sub-Saharan Africa

Publish date: Tue, 05 Mar 2024, 03:56 PM

KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) has received requests from industry stakeholders to arrange similar initiatives like the "Trade and Networking Visit for Middle East and Northern African (MENA) Buyers" in other regions such as Asia Pacific and Sub-Saharan Africa.

The objective is to enhance the global visibility of Malaysian palm oil, a vital export good for the country, MPOC said in a statement.

Last week MPOC welcomed a delegation of 18 representatives from oil and fat companies across three MENA countries: Turkiye, Egypt, and Algeria.

This event fostered business discussions between the delegates, Malaysian palm oil producers, and industry stakeholders.

MPOC chief executive officer Belvinder Sorn said the business matching session secured 192 meetings, with an estimated potential sales value of US$149 million, or approximately RM705 million.

"The MENA buyers sought various palm products, including RBD palm olein in both consumer packs and bulk containers, cooking oil, shortening, and specialty fats," she added.

She said the success of this programme is attributed to the cooperation and strong support of Malaysian palm oil stakeholders.

"I encourage more industry members to participate in the upcoming 'Trade and Networking' editions. It is crucial that we intensify efforts to promote sustainable Malaysian palm oil around the world and explore untapped markets," she added.

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