Middle East to Remain an Important Malaysian Palm Oil Export Destination

Malaysian Palm Oil Council (MPOC) said the Middle East region will continue as an important export destination for the country’s palm oil, citing as basis the region’s population base of over 330 million and an 8% increase in consumption of 2.34 million tons in 2021 vs. 2020, according to report in Bernama on January 30.  Chief executive officer Wan Aishah Wan Hamid said the region has shown consistent growth in consumption of specialty fats and palm oil.  
The leading importer from this region is Turkey with a volume of 703,588 tons followed by Iran with 404,319 tons, with respective year-on-year increases of 19% and 25%.  Other countries which recorded increases were United Arab Emirates (UAE), Yemen, Jordan, Syria, Qatar and Kuwait.