Malaysia moves to reclaim palm oil market share in China

Datuk Seri Johari Abdul Ghani, Malaysia's Plantation and Commodities Minister, have attributed part of the decline to logistics challenges and rising palm oil prices, which have surpassed those of soybean oil, making the latter the preferred choice for Chinese buyers.

China has been a key and strategic market for Malaysia, maintaining its position as one of the country's top palm oil export destinations for over a decade, he said, noting the sharp decline suggests deeper challenges relating not only to competitiveness and logistics but also to pricing dynamics and market positioning.

He said that Malaysia will continue to uphold transparent and predictable export policies to ensure that its actions do not disrupt the interests of its major trading partners.

Malaysia also welcomes continuous dialogue to better align expectations on pricing trends, market developments, and long-term supply planning, he added.