KUALA LUMPUR, Jan 10 — Malaysia’s oil palm product exports rose by 12 per cent to 27.86 million tonnes in 2019, thanks to the aggressive promotional efforts by the Ministry of Primary Industries and its agencies. In a statement, the Malaysian Palm Oil Board (MPOB) said that exports in November...
Malaysia’s oil palm product exports rose by 12 per cent to 27.86 million tonnes in 2019, thanks to the aggressive promotional efforts by the Ministry of Primary Industries and its agencies. — Reuters pic
In a statement, the Malaysian Palm Oil Board said that exports in November and December 2019 rose to 1.41 million tonnes and 1.40 million tonnes, respectively, compared with 1.38 million tonnes in November as well as in December 2018. “Additionally, palm oil export performance in October-December would also be affected by the fact that palm oil would solidify during wintertime,” it said.
Meanwhile, in spite of India’s move to implement a five per cent safeguard duty on Refined, Bleached and Deodorised palm olein, palm oil exports to the country had increased by 75.4 per cent to 4.41 million tonnes in 2019 from 2.51 million tonnes in 2018, said MPOB.
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