Will Malaysia revolutionise its palm oil industry by 2025?
Malaysia’s Sabah state, on Borneo island, is looking to revolutionise its palm oil industry with a decade-long initiative that will ensure all growers adopt ethical standards and are certified as sustainable producers by 2025.
Why is palm oil important in Malaysia?
Palm oil production is vital for the economy of Malaysia, which is the world’s second- largest producer of the commodity after Indonesia. The Malaysian Palm Oil Board (MPOB) is a government agency responsible for the promotion and development of the palm oil sector in the country.
Why is Malaysia the world’s second largest producer and exporter of palm oil?
Malaysia¡¯s position as the world¡¯s second largest producer and exporter of palm oil after Indonesia attests to the economic importance of palm oil to the country. This article aims to provide a comprehensive review of the Malaysian palm oil industry, highlighting its potential applications in various fields of study.
Does Sabah produce palm oil?
Sabah produced around 6% of the global total of palm oil in 2020. Sabah state in Malaysia is working to adapt its palm oil industry, ensuring all growers are sustainable producers by 2025. Whilst the palm oil industry has brought jobs to nearly 4.5 million people in Indonesia and Malaysia, it has also caused mass deforestation.