MUMBAI, June 7 (Bernama) – Malaysia’s palm oil export to India is expected
to exceed 1.82 million tonnes in 2012, Plantation Industries and Commodities
Minister Tan Sri Bernard Dompok said today.
“This year, even though it is still too early to tell what the final figure
will be, the observation during the first quarter of 2012 looks very promising,
with Malaysia’s export of palm oil products to India expected to exceed what was
recorded last year,” he said.
Malaysia exported more than 1.82 million tonnes of palm oil products to
India in 2011 valued at RM6.03 billion, he said after officiating the
Malaysia-India Palm Oil Trade Fair & Seminar (POTS) here today.
He said India’s importance to the Malaysian palm oil industry is reflected
in the ongoing efforts such as the hosting of POTS in India.
“This is testimony to the importance placed on India''s market potential by
the Malaysian palm oil industry,” he said.