: The Malaysian palm oil industry is poised to capitalise on the vast opportunities offered by the Philippines, Vietnam and Myanmar following a two-day trade and networking session hosted by the Malaysian Palm Oil Council this week.
“The Philippines, Vietnam and Myanmar hold a significant market share of 80 per cent in the region, making their participation in this event crucial to its success,” she said in a statement today. “It is noteworthy that almost all palm oil consumed in these countries is imported, presenting a tremendous opportunity for Malaysian palm oil companies,” she said.
The agenda included six presentations, covering topics from the opportunities of palm oil in the Asean market to insights into the crude palm oil futures contract, and on Malaysian Sustainable Palm Oil , where the buyers were briefed on the significance of sustainable palm oil production and the role of MSPO certification in ensuring a responsible and environmentally friendly palm oil industry in Malaysia.