Kenyans Encouraged to Explore New Avenues for Expanding the Edible Oil and Palm Oil Business
The Malaysian Palm Oil Council (MPOC) – under the Ministry Of Plantation and Commodities was held on Monday to discuss the importance of the relationship between Malaysian Palm Oil gateway in East African Region.
The event that was officially inaugurated by Deputy Prime Minister and Minister of Plantation and Commodities, Honourable Dato Sri Hajj Fadillah bin Haji Yüsof gathered Industry players and stakeholders from both Malaysia and Kenya to explore opportunities and foster trade relations in the palm oil industry.
Under the theme “Pioneering Sustainable Solutions for A Better Tomorrow” the Minister emphasized Malaysia’s commitment to providing affordable and sustainable palm oil products to Africa.
He acknowledged Kenya’s vital role as the 5th largest destination for Malaysian palm oil exports and stressed the importance of practices and partnership to ensure a better future for both countries.
Dato’ Sri Fadilla addressed the challenges faced by Industry, including market access barriers and negative ant-palm oil campaigns and emphasized the need for a level playing field for fair competition Malaysia’s sustainable certification standar.
Dato’ Sri Fadilla also highlighted the significant role of palm oil in Malaysia’s economy being the highest valued agricultural commodity valued agricultural commodity exported to 2022,generating a revenue of RM137.8 billion .
He encouraged the participants to explore new avenues for expanding the edible oil and palm oil business.
“I encourage the private sectors of both Malaysia and Kenya to seize the numerous opportunities in downstream value added palm derivatives, caged for partnerships and strategic alliances to explore new avenues for expanding the edible oil and Palm oil business,particularly in areas such as oleochemtcals, pharmaceuticals, processed foods, special products and consumer brands,”Said the Minister.
“By fostering direct interactions between Malaysian palm oil suppliers and buyers, the MPOF aims to establish that Lead to enhanced business opportunities for all stake holders,”He added.
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