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Palm oil industry needs to collaborate with seed oil producers for sustainability, says IOI Corp group MD | Money

Wednesday, 06 Jan 2021 05:43 PM MYT
IOI Corporation Bhd group MD and CEO Datuk Lee Yeow Chor said the seed oil sector is also equally important for the socio-economic development of a country, similarly in the same way that palm oil has been important for Malaysia and Asia. Picture by Yusof Mat Isa
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KUALA LUMPUR, Jan 6 It is prime for the palm oil industry to collaborate more comprehensively with competing seed oil producers, offering a multi-oils solution as a way for a sustainable industry in post-pandemic.
IOI Corporation Bhd group managing director and chief executive officer Datuk Lee Yeow Chor said the seed oil sector is also equally important for the socio-economic development of a country, similarly in the same way that palm oil has been important for Malaysia and Asia. ....

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IOI Corp chief calls for collaborations to offer multi-oil solutions

KUALA LUMPUR (Jan 6): Palm oil companies need to collaborate with competing oilseed producers, in order to offer multi-oils solutions, according to IOI Corp Bhd Managing Director (MD) and Chief Executive Officer (CEO) Datuk Lee Yeow Chor (pictured).
Lee, who was speaking at the CEO Forum at the Palm Oil Trade Fair and Seminar 2021 (POTS 2021), highlighted those other oilseed sectors are also important to the countries where they are produced, and that different food applications require different fats compositions.
“This ultimately leads to two important outcomes. This allows the industry to navigate nationalistic sentiment against other imported oils, while marketing different fractions according to use and purpose,” said Lee. ....

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Sustainability the key mantra for palm oil industry

Sustainability the key mantra for palm oil industry
06 Jan 2021 / 21:47 H.
Pix for representational purpose only.
KUALA LUMPUR: Amidst the continued allegations premised on the sustainability of the palm oil industry arising mostly from nationalistic sentiment to protect their edible oils industry, palm oil producers acknowledged that the sustainability issue cannot be ignored and they have to level up their game for the longer term.
But while most agreed to the notion, some believed that instead of addressing the issues in the west where the “noise” came from, the palm oil industry should just focus on its neighbouring market – China and India. ....

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