Malaysia eyeing increased demand for palm oil in Qatar
Malaysia is planning a lot to promote palm oil in Qatar while developing a series of measures. Malaysian Minister of Plantation Industries and Commodities Zuraida Kamaruddin, who was in Qatar recently, said several plans were in place and the government was holding discussions with various stakeholders to promote palm oil for domestic and industrial consumption.
The Malaysian minister told a press briefing that talks were underway with government entities and industrialists in Qatar. Zuraida Kamaruddin was in town for a two-day mission as part of her economic and agricultural product promotion mission to promote the Agri Malaysia International Agricultural Technology Expo, which will be held in Kuala Lumpur from September 20-22.
The Malaysian Minister earlier chaired a roundtable with Qatari Minister of Municipalities HE Dr. Abdullah bin Abdulaziz bin Turki al-Subaie, HE Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Abdullah al -Thani, HE the President of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa bin Jassim al-Thani, along with Qatari agricultural commodity players and business representatives.
Minister Zuraida Kamaruddin said she has reached an agreement with retail chains such as LuLu and Al Meera to promote the domestic use of palm oil. As part of the Ministry of Plantations, Industries and Commodities (MPIC) initiatives to promote Malaysian agricultural commodities, there are also plans to promote rubber and timber in Qatar. The Minister was accompanied by Malaysian experts and business representatives who held talks with Qatari companies.
The Minister noted that there is an increase in palm oil consumption in the Qatari market and this is great news for industry players and market viewers. “This shows that Malaysia is ready to respond to the encouraging demand for palm oil from the Qatari market. Some promising ideas, such as exploring rubber road applications in Qatar, are being discussed and Malaysia hopes the initiatives will benefit all parties involved,” she said.
According to statistics from the Malaysian Embassy, the Malaysian Palm Oil Board expects crude palm oil production to improve by 4.9% to 19 million tonnes this year from 18.12 million tonnes in 2021, leading to a 21.1% increase in palm oil stocks to 1.95 million tonnes from 1.61 million tonnes. million tonnes in 2021.
The Malaysian minister previously visited Saudi Arabia, Iran, Turkey, Pakistan, India, Bangladesh and Egypt. Achievements include proposals to establish joint venture partnerships in India and Pakistan. She noted that there were also proposals from Qatar and Egypt to invest with Malaysian companies to set up production facilities in Malaysia. The press conference was attended by MPIC Deputy Secretary General Mad Zaidi bin Mohd Karli and Malaysian Ambassador Zamshari Shaharan.