Datuk Seri Johari Abdul Ghani, the Minister of Plantation and Commodities who is on a working visit to Pakistan emphasised that the country remains a key export market for Malaysia’s palm oil products.
Belvinder Sron, CEO of the Malaysian Palm Oil Council noted on the vital role Pakistan plays as a strategic market for Malaysian palm oil. She pointed out that Pakistan imported 860,260 tonnes of palm oil and related products in 2024, a significant increase from 753,759 tonnes in 2023. At its peak Malaysia’s palm oil exports to Pakistan reached an impressive 2.1 million tonnes in 2010, making Pakistan one of our most significant markets at the time.
“Pakistan remains among the top 10 buyers of Malaysian palm oil and has always maintained a close relationship with Malaysia. Through this visit, we aim to strengthen our longstanding partnership and further expand our market share in this important region,” she said.
During the discussion, participants explored strategies to increase Malaysia’s market share in Pakistan’s edible oil imports and ensure a steady supply of sustainable, MSPO-certified palm oil. The dialogue also addressed opportunities to enhance Malaysian palm oil supplies to Pakistan and introduce technology transfers for the downstream industry. The Pakistan industry also suggested that Malaysian suppliers adopt an ex-tank sales model, a trade practice already common in Pakistan. Adopting this approach would not only help manage price volatility and reduce financial commitments but also align with local market preferences, thereby positioning Malaysian suppliers to strengthen their foothold and increase their market share in Pakistan’s edible oil sector.
The Minister also reaffirmed Malaysia’s readiness to meet Pakistan’s growing demand for palm oil with high-quality and sustainable products. Industry leaders expressed their commitment to continuing imports of Malaysian palm oil and explored opportunities for expanding trade volumes to benefit both nations.
He emphasised Malaysia’s position as the world’s second-largest producer of palm oil, contributing over USD 20 billion annually to its economy and supporting nearly one million livelihoods. The Minister underscored the significant growth of Pakistan’s USD 115 billion food sector, which is projected to expand by 7.5% over the next five years, presenting opportunities for Malaysian palm oil and specialty fats to drive innovation and meet advanced industry needs. He also highlighted Malaysia’s strength in Research and Development (R&D), offering tailored solutions to enhance product quality for Pakistan’s food industry.
Additionally, he noted the potential for palm-based oleochemicals to support Pakistan’s personal care and home care sectors, contributing to the diversification of its manufacturing capabilities.
