Most oil palm plantation companies in Malaysia could easily increase their yield by 10% through more stringent management, said Kuala Lumpur Kepong Bhd (KLK) chief executive officer Tan Sri Lee Oi Hian.
KUALA LUMPUR: A resilient performance in US markets on Friday lifted sentient in global equities, including in Malaysia, even as concerns over future rate hikes continued.
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
The La Niña phenomena is expected to bring much rainfall to oil palm cultivation areas. Palm oil buyers are worried about weather related logistical disruption, and a possible import tax hike by the Indian government
The palm oil industry has made significant progress in sustainability the past 20 years. The only thing lacking is having it disclosed, according to Perpetua George, General Manager for Group Sustainability at Wilmar International Ltd