Mideast’s Malaysian palm oil imports hit 1.4MT

DUBAI — The Middle East has imported 1.4 million tonnes of Malaysian palm oil, which constituted 45 per cent of its overall imports of oils and fats products in 2007, according to latest reports from the Malaysian Palm Oil Council (MPOC).

By A Staff Reporter

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Published: Sat 19 Apr 2008, 10:08 AM

Last updated: Sun 5 Apr 2015, 11:41 AM

Furthermore, global exports of the product have reached 13.7 million tonnes, accounting for 26 per cent of the world’s oils and fats products consumption, which was recorded at 57.8 million tonnes in the same year. With aims of further enhancing business opportunities in the Gulf, MPOC and the Malaysian Palm Oil Board (MPOB) have announced the first ‘Malaysia-UAE Palm Oil Trade Fair and Seminar’ (POTS) 2008, which will be held at the Grand Hyatt Dubai Hotel from May 26 - 27, 2008.

Seeking to highlight the potential of Malaysian palm oil, dissertations and plenary lectures at the event will delve into the outlook of the regional palm oil industry and how producers and buyers can collaborate to strengthen the market in the Middle East.

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