10 Cover Story
10 Cover Story
@ AGROBiz | July-August 2024
Palm oil diplomacy
A look at how Malaysia is driving the global conversation on sustainable palm oil
Johari Abdul Ghani with Prof Dr Ömer Bolat , Minister of Trade , Turkiye , during his official visit to Turkiye .
BY ADELINE ANTHONY ALPHONSO
PALM oil is more than just an agricultural commodity ; it is a vital pillar of global food security and economic sustainability .
Malaysia , as one of the world ’ s leading producers , has long been at the forefront of innovation and responsible cultivation in the palm oil industry .
With its efficient land use and high yield , palm oil stands as a critical solution to meeting the growing global demand for edible oils .
As the world shifts towards more sustainable practices , Malaysia ’ s commitment to the Malaysian Sustainable Palm Oil ( MSPO ) certification underscores its dedication to producing palm oil that is not only economically beneficial but also environmentally and socially responsible .
EXPANDING MARKET REACH
The Malaysian Palm Oil Forum ( MPOF ) Egypt 2024 , which commenced on May 28 in Cairo , showcased these efforts , aiming to bolster Malaysian palm oil in the
North African region .
This significant event highlighted the competitive advantages of Malaysia ’ s palm oil industry and explored new market opportunities .
“ Egypt consumes 2.2 million tonnes of edible oils a year , of which palm oil accounts for roughly 54 per cent . Out of the 1.2 million tonnes of palm oil imported into Egypt , Malaysia accounts for approximately 23 per cent ,” Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani noted .
“ Malaysia ’ s palm oil is renowned for its sustainability , with the MSPO certification scheme ensuring traceability , deforestation-free production , legitimate land title , and good labour practices .
“ As part of our commitment to sustainability , Malaysia has developed the Malaysian Sustainable Palm Oil ( MSPO ) certification scheme , which is updated periodically to meet the world ’ s evolving priorities .
“ MSPO will be the tool to ensure that the Malaysian palm oil industry meets the fundamental sustainability requirements of the world . This involves traceability , deforestation-