AreaPhilippines

Commodity GroupOilseeds, oils and meals

CommodityOil palm

Date01/09/2017

Policy CategoryTrade

Policy InstrumentBilateral cooperation

DescriptionPhilippines conducted bilateral talks with Malaysia to examine the possibility of setting up joint ventures for oil palm plantations in the Philippines, with a view to cater to the country’s rising demand for vegetable oil for both food and industrial uses.

NotesGovernment officials of the two countries discussed the possibility of setting up joint ventures for oil palm plantations in the Philippines to cater to the country’s rising demand for vegetable oil for both food and industrial uses. Reportedly, in the long term, the joint development of up to 80 000 hectares of oil palm plantations would be considered.