NEW DELHI, July 18 – Malaysia’s palm oil exports to India will continue to rise in line with India’s middle-class consumer growth, Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said.
Last year, exports of palm oil and palm oil products from Malaysia to India totalled 3.3 million tonnes, valued at nearly US$3 billion, or 13 per cent of Malaysia’s total palm oil exports, Johari said.
“Moving forward, I would like to reaffirm Malaysia’s commitment to being India’s trusted source of high-quality palm oil,” Johari said in a keynote speech at a conference organised by the Indian Vegetable Oil Producers’ Association (IVPA) on Thursday.
“We are dedicated to supporting India’s food security needs and fostering a stable, enduring partnership that meets the evolving demands of this important market,” he said.
The minister added that India’s consumption of oils and fats was about 27.2 million tonnes in 2023 with palm oil comprising 36 per cent.
India is witnessing a higher demand for palm oil in its food and non-food sectors.
Malaysia, the world’s second-largest producer of palm oil, exported more than 80 per cent of the 18.6 million tonnes of the commodity it produced in 2023.
