“We foresee higher exports of palm oil and palm-based products to China this year as we enhance cooperation in palm oil trade with the country with the signing of the MoU,” said Ahmad Parveez.
KUALA LUMPUR: Malaysia’s exports of palm oil and palm-based products to China are expected to increase this year as it enhances cooperation with the latter in the palm oil trade with the recent signing of the memorandum of understanding (MoU) in Beijing.
The MoU inked between the Malaysian Palm Oil Board (MPOB) and the China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce, and Animal By-products (CFNA) further broadened cooperation between the two countries in the trade of palm oil apart from strengthening Malaysia’s position and market share in the Chinese market.
“We foresee higher exports of palm oil and palm-based products to China this year as we enhance cooperation in palm oil trade with the country with the signing of the MoU,” said MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir said in a statement, as reported by Bernama
He said the MPOB successfully expanded the use of palm oil in value-added food industries through its research and development initiatives, helping to secure the market for Malaysian palm oil.
These include the use of palm-based speciality fats for contemporary mooncakes, palm oil application in Xinjiang Naan, red palm-based extruded snacks, palm-based milk tablets, palm-based Tibetan butter tea, red palm oil-based hot pot paste, palm powder fats as feed additives for dairy cattle and red palm oil as feed for hairy crabs, said the MPOB director-general.
“The cooperation also allows China to participate in the technological exploration in oil palm mechanisation in Malaysia, which will help to increase productivity and reduce reliance on human labour in the plantations.
“Both countries can now jointly promote the exploration, designing, and implementation of new technologies such as artificial intelligence (AI), fifth generation mobile network, Internet of Things and autonomous vehicles in oil palm plantations in Malaysia.“These include aerospace, drone and AI technologies from China Great Wall Industry Corporation, particularly on the mapping of age profiles and detections of disease in the oil palm plantations as well as autonomous harvesting vehicles developed by Shanghai Westwell Information Technology Co Ltd,” said Ahmad Parveez.
