MALAYSIAN PALM OIL FORUM – EGYPT 2024: STRENGTHENING TRADE TIES AND EXPANDING MARKET REACH IN NORTH AFRICA

كتبت : عبير عاطف _ بوابة الاقتصاد

Commenting on the market, Ms Belvinder Sron, CEO of MPOC said, “the Egyptian palm oil market is evolving rapidly with palm oil being an economically essential and versatile edible oil crucial for both food and non-food industries. Palm oil and its derivatives are leading imported vegetable oils in Egypt with palm oil imports amounting to 1.08 million tonnes in 2023, accounting for 58% of the total oils and fats imports.”

The Malaysian Palm Oil Forum (MPOF), an initiative by the Malaysian Palm Oil Council (MPOC), serves as a platform for engagement between the Malaysian palm oil industry and key buyers and end-users. The forum aims to facilitate trade enhancement and explore avenues of collaboration. It targets stakeholders from other North African countries, fostering direct interactions between Malaysian palm oil suppliers and buyers. The MPOF seeks to drive innovation, form new partnerships, and explore untapped markets in Egypt and North Africa, particularly in creating higher-value products from palm derivatives.