12:01, 19.03.2009 — Новости
автор: OilWorld.Ru

DJ Malaysia Puts Off Palm Oil Trade Meet In Pakistan Indefinitely


KUALA LUMPUR (Dow Jones)--The Malaysian Palm Oil Council has indefinitely
postponed its upcoming trade conference in Pakistan's port city of Karachi due
to logistical problems, a government official said Thursday.

The Palm Oil Trade Fair and Seminar, or POTS, scheduled for April, was
expected to be inaugurated by Malaysia's Minister for Plantation Industries and
Commodities Peter Chin.

"After discussions with our importer friends and other stakeholders, it was
decided that this may not be the best time for us to organize POTS in
Pakistan," the official said.

Pakistan is one of the world's largest palm oil importers by volume - after
the European Union, China and India.

Pakistan purchased around 1.27 million tons of palm oil and palm oil products
from Malaysia last year, which accounts for around 88% of its total palm oil
imports. The two countries have a preferential tariff agreement.

Recently, the Malaysian Palm Oil Board signed an agreement with the Pakistan
Edible Oils Refiners Association to provide technical support and training to
processors there, who will in turn import more crude palm oil from Malaysia.

The Malaysian council organizes POTS in various countries to promote sales of
palm oil and facilitate meetings between buyers and sellers. Last year POTS
were organized in India, Malaysia and China. The POTS planned for Istanbul,
Turkey, is likely to be organized in the first week of August, the official
said.

Malaysian palm oil comprises 25% of global vegetable oils and fats trade and
46% of global palm oil trade.

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