India's EU restricts imports, leading Malaysian palm oil companies explore new markets

According to Kuala Lumpur news, Zakaria Arshad, CEO of Felda Global Ventures Holdings (FGV), the world's largest natural palm oil producer, said that the company is exploring new opportunities as traditional customers India and Europe take steps to limit palm oil imports. market.

India's EU restricts imports, leading Malaysian palm oil companies explore new markets

Zakaria said in the interview that the company plans to build palm oil processing plants in Myanmar, the Philippines and Cambodia within the next two years.

“We hope to expand our sales channels to various countries and are looking for new markets that need more CPO and refined palm oil supplies.”