Malaysia Eyes Continued Success in Palm Oil Trade with India

Despite India's recent import duty hike, Malaysia remains confident about palm oil exports. The Malaysian Palm Oil Council (MPOC) Chairman emphasized the resilience of their trade relationship with India, expecting long-term partnerships and growth in demand due to India's large market, rising affluence, and sustainable production practices.

Malaysia maintains a positive outlook on palm oil exports to India, even after the latter increased import duties. According to Dato Carl Bek Nielsen, Chairman of the Malaysian Palm Oil Council, the trade relationship between the two nations remains robust, as India is a vital market for Malaysian palm oil.

Nielsen noted that while the import duty hike is part of normal trading adjustments, Malaysia is not overly concerned and focuses on long-term strategies. He reassured that if shipments to India decrease, alternative markets are available. Production predictions for 2024 suggest a rise to 19-19.2 million tonnes.

Addressing sustainability and health concerns, Nielsen stressed Malaysia's commitment to environmentally-friendly practices and dismissed health criticisms as misleading. He remained optimistic about palm oil's future in India, highlighting collaborative efforts to boost perception and acceptance.

(With inputs from agencies.)