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PM’s Turkiye visit will further boost local palm oil exports

PM’s Turkiye visit will further boost local palm oil exports

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) is assured that bilateral ties with Ankara will be further enhanced with the current visit by Prime Minister Datuk Seri Ismail Sabri Yaakob to Turkiye.

“I’m assured that hotter ties between each nations will boost bilateral commerce, particularly within the export of Malaysia’s commodities, akin to palm oil,” Plantation Industries and Commodities Minister Datuk Zuraida Kamarudin mentioned in an announcement at present.

Her visit, which additionally witnessed the signing of a number of memorandum of understandings (MoUs) between each nations, added further impetus to Malaysia’s efforts to boost its commodities exports to Turkiye, Zuraida mentioned, including that she led a commerce mission to Turkiye in late March this yr.

Zuraida mentioned she met Turkish Minister of Trade Dr Mehmet Mus on March 27 and delved into Malaysia’s intentions to accentuate downstream actions of the palm oil trade.

Malaysia additionally provided its experience in pure rubber expertise, primarily in seismic rubber bearings that are able to absorbing earthquake tremors for the development trade, together with bridges and railways that are quickly rising in Turkiye, Zuraida mentioned.

During that journey in March, she additionally known as on Turkiye to help Malaysia’s palm oil merchandise, she mentioned.

There had been additionally discussions to make Turkiye a hub for Malaysian agricultural commodities to enter Europe and Central Asia, Zuraida mentioned.

Turkey is a crucial marketplace for Malaysia’s agri-commodities. The commerce worth of Malaysia’s agri-commodities with Turkiye amounted to RM6.02 billion in 2021, with an export worth of RM5.99 billion versus RM4.01 billion in 2020.

The 4 agri-commodities exported to the republic are palm oil-based merchandise (RM4.38 billion), adopted by rubber (RM1.29 billion), cocoa (RM304.5 million), and timber (RM8.43 million). – Bernama

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