Latest news with #MalaysianPalmOilCouncil
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.
Daily Express
28-05-2025
- Business
- Daily Express
Malaysia prioritising smaller plantations in green push
Published on: Wednesday, May 28, 2025 Published on: Wed, May 28, 2025 Text Size: Malaysian Palm Oil Council chairman Datuk Carl Bek-Nielsen previously likened the classification to 'getting slapped with a fine for speeding while you have been driving below the speed limit', calling it a blow to an industry that has significantly reduced its environmental footprint. - Pic for illustration only. Kota Kinabalu: Amid ongoing scrutiny over the European Union's decision to label Malaysia a 'standard risk' under its deforestation rules, the government is focusing on sustainability and support for smallholders in the shift towards greener practices. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said Malaysia is actively working to ensure that its sustainability certification systems, such as the Malaysian Sustainable Palm Oil (MSPO) standard, are accessible to and inclusive of small-scale farmers. 'What we want to do now is ensure the MSPO standards can also embrace smallholders. As of today, about 85% of our smallholders are able to comply. 'They do not have mills or refineries, but they produce the fruits. We help integrate them into the supply chain and justify their compliance,' he told reporters after launching the Malaysia International Cocoa Fair 2025 (MICF 2025) here yesterday. His remarks follow strong reactions from industry leaders, who have described the EU Deforestation Regulation (EUDR) classification as 'unjust' and damaging to the livelihoods of Malaysian producers, especially smallholders. Malaysian Palm Oil Council chairman Datuk Carl Bek-Nielsen previously likened the classification to 'getting slapped with a fine for speeding while you have been driving below the speed limit', calling it a blow to an industry that has significantly reduced its environmental footprint. Advertisement In acknowledging that Malaysia must still comply with EUDR, Johari said it needs to be done even if enforcement is not yet in effect. However, he stressed that many of Malaysia's major exporters already operate within a fully traceable and sustainable supply chain. 'A large portion of our products are exported to Europe because many of our players are large companies. These companies own the entire supply chain, from plantations, mills, and refineries to oleochemical plants, so they have full control and are able to meet export requirements,' he added. In addition to palm oil, he said, cocoa farmers are also being brought into the fold. 'I have instructed the Malaysian Cocoa Board to ensure all smallholders are registered. Every cocoa plantation must be certified. If they hold land grants from the state government, great; if not, they need to apply,' he said. Johari made it clear that the government is committed to halting deforestation, stating that any expansion in agriculture must take place on existing land. 'We must use existing land and increase yields through good agricultural practices and high-quality planting materials. That is the only way we can double our yield per hectare,' he said. Despite Malaysia's ongoing efforts, the EU's decision to classify the country as 'standard risk' has prompted questions about fairness and transparency, as the classification could result in greater scrutiny and higher compliance costs for exporters. Still, Johari remains optimistic, adding, 'Actually, our certification is already recognised. Currently, we are classified under 'standard risk', but we are working on improving this. We aim for recognition of our sustainability and traceability systems.' Earlier in his speech, he said representatives from the EU are expected to visit Malaysia in September or October to observe local practices and assess the country's regulatory readiness. 'I have also encouraged all commodity players in Malaysia, whether in palm oil, rubber or cocoa, to adopt sustainability practices if they wish to export,' he said. The push to improve sustainability systems, particularly for smallholders, is seen as essential not only for meeting international standards but also for protecting livelihoods and ensuring the long-term growth of Malaysia's commodity sectors. Also present were Deputy Plantation and Commodities Minister Datuk Chan Foong Hin and Malaysian Cocoa Board chairman Datuk Matbali Musah. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
