India’s middle-class growth fuels Malaysia palm oil exports

NEW DELHI: Malaysia’s palm oil exports to India will continue to rise in line with India’s middle-class consumer growth, Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani says.

Last year, exports of palm oil and palm oil products from Malaysia to India totalled 3.3 million tonnes, valued at nearly US$3bil, or 13% of Malaysia’s total palm oil exports, Johari said.

“Moving forward, I would like to reaffirm Malaysia’s commitment to being India’s trusted source of high-quality palm oil,” Johari said in a keynote speech at a conference organised by the Indian Vegetable Oil Producers’ Association here yesterday,“

“We are dedicated to supporting India’s food security needs and fostering a stable, enduring partnership that meets the evolving demands of this important market,” he said. — Bernama