KOTA BHARU: The government is exploring new markets for palm oil to reduce the nation’s reliance on major exporting markets affected by geopolitical conflicts.
Plantation and commodities minister Johari Ghani said the ongoing Israel-Iran crisis and the Russia-Ukraine conflict have disrupted export shipments to certain zones.
“Malaysia currently exports goods worth RM186 billion annually to global markets, including palm oil, but part of these markets are now considered high-risk due to armed conflicts.