Malaysia is working to regain its palm oil market share in China.
Malaysian palm oil exports to China dropped nearly 39% in the first ten months of the year, driven by logistical hurdles and palm oil’s higher price relative to soybean oil. Minister Johari said the fall signals deeper competitiveness and pricing issues. Malaysia plans transparent export policies and closer dialogue with China to stabilise demand.
Malaysian palm oil exports to China fell by nearly 39% in the first ten months of the year due to logistical difficulties and pricing pressure, according to Malaysian Minister of Plantations and Commodities Datuk Seri Johari Abdul Ghani, who emphasized that the situation requires immediate attention from the government and the industry.
According to the minister, part of the export decline is due to palm oil prices exceeding soybean oil, which has become more attractive to Chinese importers. This shifted the balance of demand, making soybean oil a more cost-effective alternative in the Chinese edible oil market.
He noted that China has remained a key and strategic market for Malaysia for over a decade. However, the sharp decline in supplies highlights deeper challenges related not only to competitiveness and logistics, but also to pricing and product positioning.
According to the minister, Malaysia will continue to adhere to transparent and predictable export regulations to ensure the interests of its major trading partners are not compromised. The country is also open to ongoing dialogue with China to align expectations regarding price trends, market conditions, and long-term supply planning.
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Source : Ukr Agro Consult
