Malaysia exported US$65M worth of palm oil and palm-based products to Central Asia in 2024
Malaysia exported 54,665 tonnes of palm oil and palm-based products – with a value of RM288.23M (US$65M) – to Uzbekistan, Kazakhstan, Tajikistan, Kyrgyzstan and Turkmenistan in 2024, according to Plantation and Commodities Deputy Minister Chan Foong Hin.
In a 12 February The Edge Malaysia report, Hin said the Plantation and Commodities Ministry remained committed to strengthening Malaysia’s position as a key player in supplying palm oil to Central Asia while enhancing its market dominance in Pakistan.
“Central Asia is an important export destination for Malaysian palm oil,” Hin said during a question-and-answer session in the Dewan Rakyat – the lower house of Malaysia’s parliament – on 5 February.
“In recent years, MPOC …has implemented various initiatives in the region.”
Hin also said Pakistan was among the top 10 importers of Malaysian palm oil, with imports of 860,260 tonnes in 2024.
The country was also a strategic gateway to Central Asia and the ministry had held discussions with the Port of Qasim Authority in January about the advantages of using Pakistan’s port infrastructure to facilitate Malaysian palm oil distribution to Central Asia.
Depending on price dynamics and current market conditions, Malaysia’s exports are expected to make up between 18% and 25% of Pakistan’s total palm oil imports, according to the report.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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