Malaysia eyes export gains amid global palm oil shortage

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Malaysia eyes export gains amid global palm oil shortage

STORY: Malaysia eyes export gains amid global palm oil shortage DATELINE: May 12, 2022 LENGTH: 00:01:14 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of palm oil plantation area at Pulau Indah, Selangor 2. various of palm trees and palm seed on trees 3. various of palm oil factory and oil truck on road STORYLINE: Malaysia is seeking to take advantage of the global shortfall in palm oil supplies following an export ban of the product by Indonesia, a Malaysian minister said on Tuesday. Plantation Industries and Commodities Minister Zuraida Kamaruddin said the country is confident that it will be able to fill the gap in global palm oil supply and urged all parties in the sector to coordinate their efforts in order to make use of the opportunity presented. "Both upstream oil palm growers and downstream oil producers in Malaysia should join hands to reap the benefit of the void following neighboring Indonesia's decision to halt its palm oil exports. As the world's largest producer of pal

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