Lang
Several companies from various Arab countries, including Saudi Arabia, Egypt, Algeria, Oman, the United Arab Emirates and Tunisia, took part in the Malaysian Palm Oil Forum held in the Malaysian capital, Kuala Lumpur, on 8-9 October 2024.
One of the conference's aims is to facilitate business meetings between Malaysian palm oil exporters and importing companies.
Two Egyptian companies are among those exploring palm oil imports:
Port Said Company for Food Industries, part of the Suleiman Group, is looking to import its palm oil requirements.
Engineer Mohamed Suleiman, the company's chairman, said in earlier remarks to Al Mal Newspaper that Port Said Company is working on launching a new ghee (samna) production line, with investments of €5 million, on a site covering 10,000 square metres.
The new line is expected to produce around 120 tonnes a day, and the company plans to import all of its palm oil requirements from Malaysian firms, rather than relying on major local importers, according to the company's chairman.
The second company is Emans Company for Starch Products.
Engineer Taha Sharaf, commercial director of Emans Company for Starch Products and Vegetable Oils, told Al Mal Newspaper that the company is currently seeking to secure its palm oil requirements by concluding import agreements with one of the major Malaysian companies operating in this field.
The commercial director explained that the company wishes to import between 5,000 and 7,000 tonnes of oils a month, split between soybean and palm oil, as well as two other types, along with several other varieties.
Sharaf added that Emans is currently studying the import of a new type of oil, a substitute for cocoa butter, noting that this step could happen soon.
Emans Company for Starch Products and Vegetable Oils is currently in talks with a number of Malaysian palm oil exporters to select the most suitable offer, according to the company's commercial director.
Source: Al Mal Forum