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MINISTRY OF
PLANTATION AND COMMODITIES -
No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
AGRICOMMODITY NEWS 2022
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SUMBER: MALAYSIAN RESERVE, MS 6
7 MAC 2022
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MALAYSIA is determined to foster a cordial engagement with the European Union (EU) in search of a win-win solution that can benefit the palm oil industry, said Datuk Zuraida Kamaruddin.
The Plantation Industries and Commodities minister said Malaysia has a golden opportunity to promote the benefits of palm oil to the EU to fill the gap in the global cooking oil supply due to the shortage of soybean oil supply and sunflower.
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KUALA LUMPUR: Malaysia's palm oil board on Monday warned of a tough 2023 for the market for the world's most consumed edible oil, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year.
The edible oils market has grappled with volatility triggered by recession fears, Russia's invasion of Ukraine and governments' curbing exports to protect domestic food supplies.
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IT has been 105 years since the first commercial planting of oil palms in Tennamaram Estate in Batang Berjuntai, Selangor.
This first commercial estate planted with oil palm seeds sourced from Rantau Panjang, Selangor in 1917, built the foundations of Malaysia's palm oil industry.
