Malaysia looks East for more palm oil partnerships

MALAYSIA is looking to the East to woo more strategic partnerships with Japanese confectionery and snacks companies to boost palm oil trade.

Currently, Japan buys about 500,000 tonnes of palm oil from Malaysia annually.

Its principal uses are in making margarine and shortening and for deep-frying instant noodles, tempura and snack foods.

"I would like to see more strategic partnerships to boost palm oil shipments to Japan," said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok, who will be leading a 30-member delegation to Tokyo for two days from today to participate in the Malaysia-Japan Palm Oil Trade Fair and Seminar (POTS).

This is the tenth edition of the POTS series organised by the Malaysian Palm Oil Council to generate greater global recognition of the nutritional benefits and eco-friendly features of palm oil.

Among topics to be discussed at the seminar are the versatility of palm oil. The palm fruit oil is suitable for tempura frying while the kernel oil can be made into biodegradable detergent.

Palm biodiesel is increasingly seen as a cleaner fuel because of its lower greenhouse gas emission compared to other variants.

The Japanese are big investors in Malaysia's skin and hair care, laundry detergent and specialty fats industries. Among the big names are Kao, Lion and Nisshin OilliO.

"We're heartened by Japan's oleochemical and specialty fats investments in Malaysia. We welcome more value-adding investments from Japan's snacks and confectionery business community," Dompok told Business Times in an interview in Kuala Lumpur over the weekend.

2 Responses to Malaysia looks East for more palm oil partnerships

  1. Palm oil insider 18 May 2009 at 10:46

    The Japanese businessmen are known to be very careful and thorough in evaluating a product or service before deciding on whether to use it. This method has its "good" and its "bad".
    Good means once they have accepted a product (like palm oil) or a service, they will wholeheartedly use it or stick to it.
    Bad means the process of evaluation is taking too much time and it is sometimes "too slow".
    Take palm biodiesel for e.g., the Japanese have not accepted our biodiesel export as todate.
    It is good that our YB Mentri and MPOC takes the lead in spearheading the promotion campaign right into the heart of Japan i.e. Tokyo to push
    for the goodness of palm oil as food as well as
    biodiesel. Salutation to MPOC and YB Mentri for
    a very bold and constructive move.....

  2. Biodegradable detergent made out of palm oil? It has to have nice packaging and smells good to convince consumers.

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