KUCHING (Sept 6): Key industry experts say the upcoming development of Indonesia’s planned capital city, Nusantara, in Kalimantan could be a double-edged sword for East Malaysia’s palm oil sector.
In a panel session hosted at Bursa Malaysia’s East Malaysia Palm and Lauric Oils Price Outlook Confe
KUCHING, Sept 5 Sarawak Premier Tan Sri Abang Johari Openg today called on government agencies, industry associations, non-governmental organisations, and local communities to.
KUCHING, Sept 5 Sarawak Premier Tan Sri Abang Johari Openg today urged the oil palm plantation sector to look at mechanisation, particularly at harvesting, to overcome the.
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Transparency in the palm oil industry is necessary to avoid putting the palm oil industry at risk of losing its trillion-dollar worth of assets, transparency is the way to go, according to M.R. Chandran, a veteran of the agro-commodity sector.
He made these remarks at a plenary session on the palm oil price outlook 2022/2023 in conjunction with the East Malaysia Palm and Lauric Oils Price Outlook Conference and Exhibition held at the Magellan Sutera Resort, here, on Oct 13.
“If we take the Indonesian planted area, we don’t really have precise data coming out of Indonesian organisations. I know the numbers vary from various groups but 16.5 million hectares is the official figure from the ministries, in Malaysia, we are looking at 5.8 million hectares.
“If you combine this and you take an investment value of RM50,000 per hectare, this industry for the two countries is close to 1.2 or 1.3 trillion dollars, not a billion but a trillion dollars, that i