Latest news with #MPOC
See - Sada Elbalad
10 hours ago
- Business
- See - Sada Elbalad
"Exploring the Uncharted Waters: Malaysian Palm Oil's Silent Entry into Egypt's Market Despite Strong Demand"
Mohamed Wadie By: SEE Editor-in-Chief Mohamed Wadie Malaysian palm oil, despite being a major global commodity and a key export product to Egypt, has not yet fully "gone public" or established a dominant direct presence in the Egyptian market in terms of local production or investment. Several factors explain this situation, rooted in economic, geopolitical, trade, and strategic considerations. Economic and Market Dynamics Egypt is a significant importer of palm oil, consuming about 1.2 million tonnes annually, with Malaysian palm oil accounting for over half of these imports. Palm oil is essential for Egyptian consumers due to its cost-effectiveness and wide use in cooking and processed foods, especially given Egypt's low consumer purchasing power amid high inflation. Despite this strong demand, Malaysian palm oil mainly enters Egypt as an imported commodity rather than through local production or public market presence. Trade Agreements and Market Access Currently, Malaysia and Egypt are negotiating a Free Trade Agreement (FTA) that aims to strengthen bilateral trade, with palm oil as a key pillar. Egypt already participates in several multilateral trade agreements such as GAFTA, AfCFTA, and COMESA, facilitating regional trade but also complicating direct Malaysian market entry strategies due to existing trade frameworks. These agreements offer opportunities for Malaysian palm oil to expand regionally via Egypt as a hub but do not yet translate into Malaysian palm oil companies going public or establishing major local operations in Egypt. Geopolitical and Regional Risks Regional geopolitical tensions, such as the conflict in Gaza and disruptions in the Red Sea, pose risks to trade flows but have not significantly deterred Malaysian palm oil exports to Egypt, which remain resilient. However, these risks may contribute to cautious investment approaches by Malaysian companies in establishing local public enterprises or manufacturing bases in Egypt. Investment and Collaboration Opportunities There is growing interest from Malaysian companies to invest in Egypt's palm oil sector, leveraging Egypt's strategic location and trade advantages like customs exemptions under AfCFTA. Discussions have involved Malaysian firms exploring joint ventures, technology transfer, and establishing refining or manufacturing facilities in Egypt to serve both local and regional markets. The Egyptian government supports such moves, offering investment incentives and aiming to develop Egypt as a regional hub for palm oil processing and re-export. However, these initiatives are still in exploratory or early stages, which explains why Malaysian palm oil has not yet "gone public" in the Egyptian market. Strategic Industry Considerations Malaysia's palm oil industry is focused on sustainability, certification (MSPO), and compliance with international environmental standards to maintain global market access. The Malaysian Palm Oil Council (MPOC) actively promotes Malaysian palm oil in Egypt through forums and regional offices, aiming to build trust and long-term partnerships rather than immediate public market entry. The industry strategy includes expanding into new markets in Africa and the Middle East while maintaining quality and sustainability credentials. Malaysian palm oil does not yet "go public" in the Egyptian market primarily because - The current trade relationship is heavily import-based rather than investment-based, with Malaysian palm oil entering Egypt mainly as a commodity. - Ongoing negotiations for a Free Trade Agreement and investment discussions indicate future potential but have not yet resulted in Malaysian companies establishing public entities or manufacturing bases in Egypt. - Geopolitical risks and regional instability encourage cautious investment. - Malaysia's strategic focus remains on sustainability, certification, and market diversification, with Egypt serving as a key import market and potential regional hub rather than a site for Malaysian public listings or local production. - Egypt's participation in multiple regional trade agreements creates a complex trade environment that Malaysian companies are navigating carefully. In conclusion, while Malaysian palm oil is a crucial import for Egypt and bilateral cooperation is deepening, the absence of Malaysian palm oil "going public" in Egypt reflects a strategic, economic, and geopolitical balancing act. The future may see greater Malaysian investment and local presence as trade agreements mature and market conditions stabilize, but for now, the relationship centers on trade and strategic partnership rather than public market entry. SeeNews Editor-in-Chief Mohamed Wadie during a visit to a palm oil farm in Malaysia Mr. Mohamed Wadie, Editor-in-Chief of Sada ElBalad English website (SEE) read more Analysis- Turkey Has 0 Regional Allies... Why? Analysis: Russia, Turkey... Libya in Return For Syria? Analysis: Who Will Gain Trump's Peace Plan Fruits? Analysis: Will Turkey's Erdogan Resort to Snap Election? Analysis: What Are Turkey's Aspirations in Iraq? Opinion & Analysis Analysis: Mercenaries In Libya... Who Should Be Blamed? 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The Sun
3 days ago
- Business
- The Sun
Malaysia eyes Central Asia expansion via Uzbekistan as gateway
TASHKENT: Malaysia is poised to expand its market presence in Central Asia by leveraging Uzbekistan as a strategic gateway, according to Deputy Prime Minister Datuk Seri Fadillah Yusof. Speaking at the conclusion of his four-day working visit, Fadillah emphasised the potential for deeper bilateral ties in key sectors such as energy, palm oil, and Islamic finance. Fadillah noted that discussions with Uzbek leaders and private sector representatives yielded agreements to enhance trade and investment, particularly in renewable energy and carbon trading. 'They invited Malaysia to participate in energy system installations, grid upgrades, and smart grid development,' he said. Uzbekistan also sought Malaysia's expertise in water security and sukuk markets, where Malaysia is a global leader. On palm oil exports, Fadillah urged Uzbekistan to collaborate with the Malaysian Palm Oil Council (MPOC) to establish the country as a regional hub. 'Awareness programmes will help promote palm oil benefits and strengthen Uzbekistan's role as Malaysia's entry point into Central Asia,' he added. In a move to boost tourism, AirAsia X will launch direct flights between Malaysia and Uzbekistan starting October, with potential weekly services to Samarkand. Fadillah also highlighted ongoing technical training under the Malaysian Technical Cooperation Programme (MTCP), which has benefited 832 Uzbek officials since 1992. The visit included meetings with Uzbekistan President Shavkat Mirziyoyev and Energy Minister Jurabek Mirzamakhmudov. Fadillah's next stop is Russia for further diplomatic engagements from June 24-28.
Malaysiakini
11-06-2025
- Business
- Malaysiakini
#MYPalmPride 2025: Youth power ignites global movement for sustainable palm oil
KUALA LUMPUR - It's back and this time, it's bigger, bolder, and global. The highly anticipated youth-led campaign, #MYPalmPride, officially launched on 1st June 2025, kicking off a 6-month journey of creativity, pride, and sustainability that stretches far beyond Malaysian borders. Spearheaded by REGENERASI, a dynamic youth-powered NGO, this campaign is not only for youth but fully led by youth, guided by the visionary leadership of its President, Datin Emilia Uzir. The goal? To raise awareness about Malaysian sustainable palm oil in a way that truly connects with today's generation through real stories, bold ideas, and creative content that speaks their language. This year's campaign would never have taken off without the continuous support from Malaysian Palm Oil Council (MPOC), the campaign's powerful partner and biggest believer in youth potential. 'We are proud to continue supporting #MYPalmPride. This youth-led initiative is pushing boundaries and telling the real story about sustainable palm oil in fresh, relatable ways. Their drive, authenticity, and creativity are the real game changers,' said Ms. Belvinder Sron, Chief Executive Officer of MPOC. Following a landmark debut in 2024 which reached over 1.4 million Malaysians, this year's edition turns its compass to Southeast Asia and beyond, with an emphasis on regional collaboration and global youth engagement. And the momentum doesn't stop there. REGENERASI has teamed up with UCSI University, FELCRA College, Al-Bukhary International University (AIU), and International Islamic College (IIC) ; a powerful lineup of educational institutions ready to fuel this mission with real reach and influence on campus grounds. By tapping into these academic ecosystems, #MYPalmPride will not only amplify its reach but also empower thousands of young voices to take charge of the narrative around sustainability, and champion Malaysian palm oil with pride. This year, joining us all the way from Australia is REGENERASI AUSTRALIA, a youth-led association based in Western Australia dedicated to empowering young leaders in environmental regeneration and sustainable governance. As part of the #MYPalmPride campaign, they bring fresh perspectives on climate action, food security, and ethical leadership, aiming to amplify youth voices and drive lasting impact. '#MYPalmPride has grown into a movement. This isn't just about palm oil anymore it's about identity, truth, and the power of youth to rewrite the narrative. We're proud to be taking Malaysian Sustainable Palm Oil stories to the global stage,' said Datin Emilia Uzir, President of REGENERASI. In addition, the Consulate General of Malaysia in Perth has extended its full support to REGENERASI Australia in driving the #MYPalmPride campaign recognising the initiative's role in complementing the Government of Malaysia's broader and ongoing efforts on inclusivity and sustainability. Joseph Tek Choon Yee, a veteran leader in Malaysia's palm oil industry, has accepted the role of #MYPalmPride Mentor Professor for REGENERASI. With over 30 years of experience, he brings deep insight, a passion for sustainability, and a commitment to youth development. A regular columnist, Joseph hopes to share lessons, spark ideas, and inspire future leaders. Adding further strength to the movement are returning supporters and industry champions such asMalaysian Palm Oil Certification Council (MSPO), Malaysian Palm Oil Association (MPOA), Malaysian Palm Oil Board (MPOB), Malaysian Palm Oil Green Conservation Foundation (MPOGCF) and endorsed by the Ministry of Plantation & Commodities. Together with MPOC, these allies form the backbone of Malaysia's palm oil ecosystem and recognize the youth as the pulse of a more sustainable and progressive future. This year's campaign is set to be more dynamic than ever, with targeted outreach into Southeast Asia (SEA) and engagement through social media, digital talk shows and academic partnerships, all designed to raise awareness, pride, and informed dialogue about Malaysia's leadership in sustainable palm oil production. From TikTok videos and culinary challenges to international students involvement and eco-dialogues, #MYPalmPride will continue to inspire, educate, and unite youth voices in building a more sustainable and proud Malaysian identity this time on the world stage. For more updates, follow the hashtag #MYPalmPride on all major platforms. Website : FB : IG: LinkedIn: Tik Tok: You Tube: This content is provided by Social Beans Ventures The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini. Interested in having your press releases, exclusive interviews, or branded content articles on Malaysiakini? For more information, contact [email protected] or [email protected]
New Straits Times
05-06-2025
- Business
- New Straits Times
MPOC: RM122mil in trade deals unlocked in Philippines forum
KUALA LUMPUR: Business engagements at the Malaysian Palm Oil Forum (MPOF) Philippines 2025 have unlocked an estimated RM122 million in potential trade, reinforcing Malaysia's role as a major palm oil supplier in the Asean region. The two-day event, held in Manila from June 3 to 4 and hosted by the Malaysian Palm Oil Council (MPOC), brought together over 400 participants and featured targeted BizMatch sessions. In a statement, MPOC said that this year marked the first time the council co-organised the forum with the Malaysian Oleochemicals Manufacturers Group and the United Coconut Association of the Philippines, further strengthening regional ties in the oils and fats sector. These one-on-one meetings between 16 Malaysian palm oil suppliers and buyers from the Philippines resulted in 121 business discussions aimed at securing commercial deals. MPOC chief executive officer Belvinder Sron said the Philippines remains one of Malaysia's most important trade partners in the Asean region. "In 2024, the Philippines imported around 1.1 million tonnes of palm oil, with Malaysia supplying 61 per cent of its palm oil, solidifying its role as the top supplier," she said. She said that the strategy is focused on Asean, Africa, and the Middle East and has already yielded results, with exports to these regions growing by 24 per cent, from 6.0 million tonnes in 2020 to 7.5 million tonnes in 2024, marking a shift in Malaysia's export landscape. Belvinder expressed encouragement over the strong level of interest shown by Filipino buyers in the BizMatch outcomes. "BizMatch platform continues to be a powerful tool in creating real commercial opportunities for Malaysian exporters and helping buyers find reliable, high-quality suppliers committed to sustainability and value," Belvinder added. Malaysia's ambassador to the Philippines, Datuk Abdul Malik Melvin Castelino, emphasised the importance of deepening bilateral trade. The forum included eight expert presentations on themes such as sustainability, downstream applications, nutrition, and global market outlooks. A key discussion panel, "Lauric Oils & Oleochemicals: Market Growth and Innovations", explored emerging trends in the Philippines, a growing market for lauric oils like palm kernel and coconut oil.
The Star
26-05-2025
- Business
- The Star
EU: All countries subject to deforestation risk ratings
PETALING JAYA: The 'standard risk' status given to Malaysia under a deforestation law came about following an assessment all countries had gone through under a new benchmarking system, says the European Union to Malaysia. Responding to an outcry from Malaysia over the classification, the EU explained that its benchmarking system would rate countries either as low, standard or high risk, based on their risk of deforestation when producing seven commodities – namely cattle, cocoa, coffee, oil palm, rubber, soya and wood. The assessment of the countries was based on a methodology of combining two quantitative thresholds to distinguish low-risk countries from standard risk ones. These include an absolute threshold (below 70,000ha of annual forest loss) and a relative one (below 0.2% of annual forest loss of their total forest area). The EU said in statement that Malaysia, which exceeded one or both of these thresholds, had been classified as standard risk by looking at its overall deforestation and not deforestation linked to any of the seven commodities in particular. It has been reported that the Malaysian Palm Oil Council (MPOC) wanted the European Commission to explain its benchmarking methodology used that led to the 'standard risk' label given to Malaysia under the European Union Deforestation Regulation (EUDR). 'The 'standard risk' status for Malaysia does not recognise at all the progress and achievements made by the Malaysian palm oil industry in reducing deforestation and producing sustainable palm oil for European consumers,' MPOC chief executive officer Belvinder Sron said in a statement on Friday. He cited latest independent satellite data which showed that Malaysia's oil palm sector had transformed its environmental footprint for the better. On Saturday, MPOC chairman Datuk Carl Bek-Nielsen criticised the 'standard risk' classification, saying that it was unjust as it could lead to palm oil being excluded from the EU market despite the country's progress in curbing deforestation and raising sustainability standards in the oil palm sector. In its response yesterday, the European Union said that all countries went through the same process under the EUDR after a new benchmarking system (country classification) was adopted on May 22. It said that the system was landmark legislation that promotes the consumption of 'deforestation-free' products in the EU with the aim of reducing the impact on global deforestation and forest degradation.
