Financial Daily from THE HINDU group of publications
Wednesday, Oct 09, 2002

Port Info

Group Sites

Agri-Biz & Commodities - Oilseeds & Edible Oil

Africa emerging new market for palm oil

G. Chandrashekhar

`We will take up the market access issue with China and India for a level playing field.'


AFRICA could be next big market for Malaysian palm oil because of low per capita consumption in that continent and large population.

This was revealed by the Chief Executive Officer of Malaysian Palm Oil Promotion Council, Mr Haron Siraj, during his presentation at OFIC 2002 on dynamics of global oils and fats trade. ``Over 228 million people in the whole of Africa consume less than five kg per capita and this provides a major market opportunity,'' he noted.

Malaysia, he claimed, was facing technical barriers to trade, objections on environmental grounds and market access restrictions. ``We will take up the market access issue with China and India for a level playing field,'' Mr Siraj said.

Malaysians have been unhappy with India because of large difference in customs duty between soyabean oil (45 per cent) and crude palm oil (65 per cent).

They have been lobbying for parity of duty between palm and soya oils.

Referring to the impact of madcow disease in Europe, the MPOPC chief said many consumers have converted from tallow to vegetable oil because of the BSE crisis and demand for palm stearine — a substitute to tallow — for industrial application was rising.

Other challenges palm oil faced included logistics (freight space and cost); regulatory impact of shipping (previous cargo restriction); labelling; food safety clearance by FDA and so on, he said.

Send this article to Friends by E-Mail
Comment on this article to

Stories in this Section
Horticulture training

Eco-friendly pest control products from US firm
India goes to rice exporters' meet with `open mind'
Nabard cuts refinance rates
`High palm oil supply growth can affect oilmeal market'
Africa emerging new market for palm oil
Oils & Fats International Congress: Malaysia calls for R&D aid for oleochemicals
`Inter-cropping in coconut groves boosts productivity'
Spices Board plans more thrust to herbs export
Paddy MSP — Politics, economics and common sense

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line