Malaysia will hold the first Malaysia-Egypt Palm Oil Trade Fair and Seminar in Cairo this month, local media reported Wednesday.

The two-day event, which will kick off next Monday, is expected to bring together oils and fats marketers, traders, economists as well as government officials from the two countries.

Themed "Exploring Opportunities, Enhancing Palm Oil Trade," this fair is organized by the Malaysian Palm Oil Council (MPOC) and Malaysian Palm Oil Board (MPOB), the national news agency Bernama reported.

Malaysian Minister of Plantation Enterprises and Commodities Peter Chin Fah Kui will launch the fair in the Egyptian capital city. Some 50 businessmen from the Malaysian palm oil industry will attend the event.

According to MPOB figures, Malaysia exported 13,809 tons of palm oil to Egypt during the first quarter of this year, compared with 88,181 tons in the same period last year.

China, the Netherlands and Pakistan remained the top three buyers of the commodity for Malaysia in the first quarter this year.

Source: Xinhua