By Cynthia Alo
The Malaysian Palm Oil Council, MPOC, has pledged to support Nigeria with technical expertise, research collaboration and investment opportunities to help close the country’s estimated one million metric-tonnes palm oil supply gap.
The council also announced the establishment of a representative office in Lagos as part of efforts to deepen engagement with stakeholders across Nigeria’s palm oil value chain.
Speaking at the Malaysia Market Connect programme held in Lagos in partnership with the National Palm Produce Association of Nigeria (NPPAN) and the Nigerian Institute of Food Science and Technology (NIFST), Chief Executive Officer of MPOC, Ms Belvinder Sron, described Nigeria as a strategic market with significant potential to regain its position as a major global palm oil producer.
She disclosed that Malaysia exported about 300,000 metric tonnes of palm oil and palm-based products to Nigeria in the last one year, adding that local demand continues to outpace domestic production.
