Sri Lanka palm oil ban won't affect Malaysia's commodity market


MELAKA: Sri Lanka's ban on palm oil imports from Malaysia announced yesterday is not expected to affect the country's key commodity industry as Malaysia’s market is growing in several countries such as Africa and the Middle East.

Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali said apart from that, the demand for Malaysia’s palm oil was also increasing in the Philippines and Vietnam, thus proving that the quality of the commodity was one of the factors that helped expand its market globally.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Microlink wins RM84mil ministry job
T7 Global gets drilling jack-up rig
KKB secures contracts worth RM93mil
Bank of England cuts rates but sees higher inflation after Reeves' budget
Tengku Zafrul: Malaysia secures potential exports to China worth RM3.2bil
Malaysia ready for new investment era with clear economic vision - MoF
Microlink wins RM83.5mil project from Home Affairs Ministry
Ringgit marginally lower against US dollar at the close
TWL Holdings secures RM42.5mil banking facility from UOB Malaysia
Ekovest's Lim is said to consider sale of toll roads for RM5bil

Others Also Read