KUALA LUMPUR, Aug 4 (Bernama) — MALAYSIA is prepared to fulfil India’s demand for palm oil in view of potentially erratic supply from Indonesia. This is considering that in less than one year, Indonesia’s policy on palm oil export has created market uncertainties to major importing countries like India.
India is among the world’s largest palm oil user after Indonesia with a consumption level of 8.7 million tonnes in 2021 and 8 million tonnes alone in the first quarter of 2022. As stated by Indian Vegetable Oil Producers ’Association (IVPA) president Sudhakar Desai at the recent Malaysia International Agricommodity Expo and Summit (MIACES) 2022, Malaysia has kept its policy pertaining to palm oil trading in a stable manner, thus able to meet India’s demand during the period of Indonesia’s ban on palm oil export.