Malaysia Not Affected By Belgium’s Palm Oil Ban

Malaysia Not Affected By Belgium’s Palm Oil Ban

by admin- Tuesday, April 20th, 2021 08:11:22 AM

Malaysia is not affected by Belgium’s choice to prohibit the usage of palm oil as a biofuel within the us of a beginning subsequent 12 months, said Minister of Plantation Industries and Commodities (MPIC) Datuk Dr Mohd Khairuddin Aman Razali.

He said this is because the country’s palm oil market continues to be quite huge and that there are numerous different nations uploading Malaysian palm oil; noting that the authorities is also actively advertising and marketing the products in markets which include Africa and the Middle East.

“Recently, Afghanistan has also requested us to growth oil palm exports to the usa, from the modern-day 75,000 tonnes to as much as 150,000 tonnes, so we’re assured that our oil palm market is still quite huge and could no longer be affected (by way of the ban).

“At the regional degree, the boom is even more tremendous – we have to keep in mind that the Malaysian palm oil is of top class first-rate and distinct from other countries’ palm oil,” he informed journalists after presenting donations to smallholders here today.

Mohd Khairuddin stated total export value of oil palm to Belgium ultimate year amounted to RM207 million, at the same time as the total export price to the country as of February stood at RM36 million.

On April 13, the international media suggested that biofuels made from palm oil and soybean will no longer be allowed each within the Belgian market, as well as in its delivery quarter beginning subsequent year, as a part of its efforts to lessen deforestation globally.

On another be aware, Mohd Khairuddin said the Malaysian Agricommodity Regional Office in Jeddah, Saudi Arabia – which contains the Malaysian Palm Oil Council, Malaysian Rubber Council (MRC) and the Malaysian Timber Council – is expected to start operations subsequent month.

He said the nearby office will act as the Malaysian commodity hub to expand the country’s agri-commodity marketplace inside the Middle East which has a enormous market and massive operations.

“We are presently in the procedure of handling the workplace, in addition to the placement of officers, In shaa Allah (God inclined) it will start operating in May, after the Hari Raya Aidilfitri,” he said.

Earlier on, the minister had distributed a total of RM10,000 in cash donations on behalf of the MRC to one hundred rubber smallholders from the B40 income institution, hailing from Senaling, Juasseh, Johol, Pilah and Seri Menanti.

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