Opportunities for Malaysian palm oil companies to cultivate African land, says Bidco Africa group co-founderBidco Africa group co-founder and chairman Vimal Shah said the uncultivated land mass could cater for a longer term perspective with wide open opportunities available for both countries. — Reuters pic
Bidco Africa group co-founder and chairman Vimal Shah said the uncultivated land mass could cater for a longer term perspective with wide open opportunities available for both countries. “Africa has 600 million hectares available and it is enough to produce palm oil for the people. For a longer term perspective, we could feed the world,” he said on the second day of the virtual Malaysian Palm Oil Trade Fair and Seminar 2021 , today.Currently, Vimal said Africa imports about seven million tonnes of palm oil, with 37 per cent of it coming from Malaysia.
On the short term perspective, he said the region hoped to replace its overall imported seven million tonnes of palm oil with Malaysia’s crude palm oil .