MPOB Expects Palm Oil Exports To Recover In Second Half Of 2025
By Shakir Husain
NEW DELHI, July 28 (Bernama) -- The Malaysian Palm Oil Board (MPOB) expects palm oil exports to recover in the second half of this year due to stronger festival season demand in key markets.
'The demand, particularly from India, is due to the need to replenish stock for the festive season, attractive palm oil pricing and lower import duty on crude vegetable oils,' MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir told Bernama.
Ahmad Parveez was in New Delhi last week to speak at a conference organised by the Indian Vegetable Oil Producers' Association (IVPA).
In the first half of this year, Malaysian exports of palm oil and palm-based products dipped 7.4 per cent to 11.39 million tonnes compared with the January-June period last year, according to MPOB figures.
Palm oil exports were recorded at 6.95 million tonnes during the half-year period, representing a drop of 7.7 per cent over the corresponding period in 2024 as demand weakened in India, China, the European Union, Bangladesh and Egypt.
Nonetheless, despite a drop in the overall palm oil exports in the first half of 2025, Malaysia saw a growth in volumes to the Philippines, Iran, Kenya and Nigeria.
Ahmad Parveez said that although export tonnage had dropped, Malaysia's earnings from palm oil and palm products during the January-June 2025 period surged 9.3 per cent to RM53.43 billion compared with the same period last year. The value of palm oil exports was almost RM34 billion.
Malaysian palm oil has gained in geographical reach in recent years.
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