Iran Palm Oil Imports See 23% Decline - Report

Malaysia exported 566.618 tons of palm oil products worth more than $380.58 million to Iran in 2018, which shows a 6.8% and 23.6% decline in weight and value respectively compared with the previous year.
The imports included 487,923 tons of palm oil valued at $288.54 million, 19,066 tons of palm kernel oil worth $26.23 million, 38,666 tons of oleochemicals worth $43.1 million and 20,961 tons of other palm-oil-derived products worth $22.7 million, according to data shared by the Malaysian Palm Oil Board’s Central Asia Regional Office with the Financial Tribune.
Iran was Malaysia’s eighth biggest export destination for palm oil products in 2018.