Kuala Lampur, Jan. 26 -- The Malaysian Palm Oil Association (MPOA) has dismissed any heavy impact of the European Union's (EU) ban on local producers, saying there are still other markets available.

Speaking to Malay Mail, MPOA chief executive Datuk Nageeb Wahab said MPOA and its members are instead feeling upbeat over the increased demand for palm oil in the domestic market for both Malaysia and Indonesia.

"The concerns of EU not buying palm oil from Malaysia has all been addressed by the increased of local consumption. We are not unduly worried it as this is a zero-sum game," he told Malay Mail.

"To put it simply, if they do not want to buy from us, we can supply other markets with our palm oil. Perhaps they will use other vegetable ...