MPOB: Malaysia urged to diversify palm oil markets amid US tariffs

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The story "MPOB: Malaysia urged to diversify palm oil markets amid US tariffs" was covered 4 days ago by The Star, a news publisher based in Malaysia.

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The Star 4d ago

MPOB: Malaysia urged to diversify palm oil markets amid US tariffs - The Star

Quick Summary:

KUALA LUMPUR: Malaysia must diversify its palm oil markets to reduce dependency on any single export destination for the commodity, in light of the tariff challenges posed by the United States (US).

"While the tariffs may lead to a decline in palm oil exports to the US, the negative impact would be more pronounced in the importing country due to limited alternatives to palm oil.

Additionally, he said Prime Minister Datuk Seri Anwar Ibrahim had emphasised the importance of ASEAN unity in addressing these trade barriers, highlighting the need for open supply chains and collective action.