Algeria Emerges as Attractive Market for Malaysian Palm Oil
NEW DELHI, May 21 (Bernama) -- Algeria has emerged as an attractive market for Malaysian palm oil due to its vibrant and growing food industry, Malaysia's ambassador to Algeria said.
Malaysian palm oil exports to Algeria grew almost 82 per cent to reach about 79,000 tonnes in 2024.
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Despite palm oil's share not being large in Algeria's annual cooking oil imports of 980,000 tonnes, future demand is likely to be fuelled by the country's expanding processed food industry.
"Algeria offers significant potential for palm oil use in cooking, margarine products, speciality fats, palm-based cheese, confectionery, snacks, and non-dairy creamers," Ambassador Rizany Irwan Muhamad Mazlan said.
Algeria depends on imports for 75 per cent of its annual cooking oil consumption.
The Malaysian Palm Oil Council (MPOC) and four Malaysian companies in April participated in Djazagro, Algeria's largest agriculture industry exhibition, to explore trade and business opportunities.
The trade fair held in Algiers attracted 540 exhibitors from 38 countries.
"Algeria is one of the leading economies in the Middle East and North Africa region and Malaysia is committed to enhancing trade ties with it," Rizany told Bernama.
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