Malaysia Eyes Boost in Palm Oil Exports in H2

29-Jul-2025 12:19 PM

New Delhi. The Director General of the Malaysian Palm Oil Board (Empob) expects Malaysian palm oil imports to increase in other major importing countries including India during the second half of the current year. During this time, there is a festive season in India in which edible oils are consumed more.

According to the Director General, Indian buyers can import large quantities of edible oil and especially palm oil to meet the demand of the festive season and to keep the declining stock high.

The price of palm oil has softened somewhat in the exporting countries and the Government of India has reduced the import duty on crude edible oils.

Empob data shows that during the first half of the current year (January-June- 2025) compared to last year, exports of palm oil and its manufactured products from Malaysia declined by 7.4 percent to 113.90 lakh tonnes.

Under this, the shipment of palm oil fell to 69.50 lakh tonnes, which was 7.7 percent less than the exports of January-June 2024. During this period, the demand for palm oil remained weak in India as well as China, European Union, Bangladesh and Egypt.

On the other hand, the export of palm oil from Malaysia increased to countries like Philippines, Iran, Kenya and Nigeria.

According to the Director General of Ampob, although the export quantity of palm oil and its products from Malaysia declined during the first half of 2025 as compared to the year 2024, the export income increased by 9.3 percent to 53.43 billion ringgit. This also includes the export income of palm oil of 34 billion ringgit.

A total of 169 lakh tonnes of palm oil was exported from Malaysia during the entire period of the year 2024, whereas during the year 2025, it is expected to decline by 5.3 percent. Malaysia is the second largest producer and exporter of palm oil in the world.