Good to see guys like Datuk Carl Bek-Nielsen of United Plantations among the oil palm plantation leaders helping to take Malaysia forward positively this way.
The global market for palm oil is vast. Not only for food & food related purposes, but as raw material for myriad oleochemical based industries, such as in cosmetics & toiletries, even some niche specialty industrial chemicals.
All that we need to do is to seek those markets, work them, and then tap them.
If we could just generate another RM6 bil of exports to emerging high pop and/or high wealth economies in East Asia, West Asia, Central Asia, South Asia, Eastern/Central Europe, Africa & South/Central America, then we do not need to continue grovelling with them hypocrite soyoil producing EU nations to keep up sales to them. If push comes to shove, they can just take their circa RM2.5 bil of CPO imports from us & shove it where the sun don't shine.
Not many might know of this yet, but there is now a Turkish-owned manufacturing facility in Tanjong Langsat, Johor, making toiletries & cosmetics for 100% export, mainly to Europe, using palm oil. Company name is Evyap Sabun.
They had made the switch from animal fats to vegetable oils to accommodate the now rapidly growing Muslim halal market. And palm oil was the pefect choice for them, because it is the cheapest veg oil by a mile, compared to all other veg oils, including soyoil & olive oil.
We are the wiser ones. We get aboard the ship earliest.
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Posted by DreamHunter > 2019-11-07 14:25 | Report Abuse
Just make darn sure that you do not get left behind at the next soaring.