On the cooperation of using Saudi Arabia as a re-export hub for Malaysian palm oil, Zuraida said this was because Saudi Arabia was ideally located to cater to the regional markets in the Gulf Cooperation Council (GCC) as well as North Africa region.
Where does Saudi Arabia import palm oil?
Imports In 2022, Saudi Arabia imported $942M in Palm Oil, becoming the 16th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 34th most imported product in Saudi Arabia. Saudi Arabia imports Palm Oil primarily from: Malaysia ($618M), Indonesia ($269M), Oman ($52.7M), United Arab Emirates ($1.97M), and Kuwait ($504k).
Which countries export palm oil?
The fastest growing export markets for Palm Oil of Saudi Arabia between 2021 and 2022 were Kuwait ($35M), Bahrain ($12.7M), and Ethiopia ($4.97M). Imports In 2022, Saudi Arabia imported $942M in Palm Oil, becoming the 16th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 34th most imported product in Saudi Arabia.
Why do Malaysian palm oil mills adopt advanced milling technologies?
Malaysian palm oil mills have lagged behind in the adoption of advanced milling technologies, both to support productivity growth as well as meet sustainable development goals. Using primary data from a simple random sample of 54 mills, this study sought to examine the factors explaining the adoption of advanced milling technologies.