It is a much sought after global source for vegetable oil and has remained the top choice in the food industry and in the production of other products used worldwide including ghee, soap, pharmaceuticals and cosmetics.
Two panel members were from the Malaysian Palm Oil Board and Malaysian Palm Oil Council. Between them, the negativeThe participants had their concerns answered. These will be discussed below under the three Ps — production, pricing and politics.The industry is made up of smallholders and companies. The process from production to milling and marketing is being handled and managed by the government, including product research and development and marketing.
A certification process and standards have been introduced, which are the Malaysian Sustainable Palm Oil and Roundtable for Sustainable Palm Oil. The rate of compliance by producers has been rather slow, however, especially among the smallholders.The issue of pricing continues to plague the industry, as we depend largely on countries which have large populations such as China and India, the two largest buyers of our palm oil.
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