Malaysia says can meet global demand after Indonesia bans palm oil exports

Plantation Industry and Commodities Minister Zuraida Kamaruddin says she is confident Malaysia can meet global demand as production capacity rises with the recent hiring of foreign workers. – The Malaysian Insight file pic, April 24, 2022.

MALAYSIA is confident it can meet global demand for palm oil after Indonesia’s announcement that it has banned exports of the commodity, said Plantation Industry and Commodities Minister Zuraida Kamaruddin. 

“I am confident that Malaysia is ready and able to supply palm oil to global markets because our production is expected to rise following border reopenings, which has enabled the hiring of foreign workers,” she told the media after handing over aid to 17 suraus and two mosques, as well as 350 families comprising asnaf, single mothers and senior citizens in an event organised by the Malaysian Timber Council.

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