Egypt-Malaysia Palm Oil Trade Indicates Promising Market Growth

Seeking to expand Egypt’s foreign trade in Asia, Datuk Amar Douglas Uggah Embas, Malaysian Plantation Industries and Commodities Minister, officiated the third Malaysia-Egypt Palm Oil Trade Fair and Seminar (POTS) at Royal Maxim Palace Kempinski Hotel on Tuesday. Themed ‘Meeting Egypt’s Emerging Oils and Fats Diversity through Malaysian Palm Oil’, the event addressed several issues impacting Egypt’s oils and fats development, in addition to providing solutions to issues affecting palm oil industry in the Middle East region. With a total of 881,000 tonnes recorded in 2014, palm oil is considered the most imported edible oil into Egypt. Malaysian palm oil share stood at 350,000 tonnes, which translates to 39.7 percent of the total palm oil imported. With RBD (refined, bleached and deodorized) palm oil, RBD palm olein and RBD palm stearin being the major types of palm oil imported, the trade is valued at $US 150 million. “The event is designed not only to showcase Malaysian products but also to disseminate the latest information about palm oil and global oils and fats, and most importantly to bolster business ties between Malaysia and Egypt,” said Embas in commentary on POTS Egypt…

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