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'Enough to meet local demand': Malaysia rules out cooking oil export ban

Malaysia aims to fill the gap in the edible oil market caused by the Ukraine war, as well Indonesia's export curbs on palm oil.

Palm oil, edible
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Malaysia, the world’s second-biggest palm oil producer, has ruled out curtailing cooking oil exports as it has enough supplies to meet local demand.

Anuradha Raghu | Bloomberg
Malaysia, the world’s second-biggest palm oil producer, has ruled out curtailing cooking oil exports as it has enough supplies to meet local demand and will instead focus on targeting subsidies to ensure it benefits the most needy consumers.
 
“So far, we have no worries because we definitely have no shortages at all,” Plantation Industries and Commodities Minister Zuraida Kamaruddin said in an interview Tuesday. “Most of the time we export more than half of what we produce, and we still have an excess to export,” she said from her office in the administrative capital Putrajaya. 

The nation aims to fill

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First Published: May 25 2022 | 8:00 AM IST

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