@AGROBiz July/August 2024 | Page 3

July-August . 2024 | @ AGROBiz

03

@ AGROBiz says ...

Fair play for Malaysian palm oil

P17 Triumphant advancement SAEX 2024 was a significant event for those involved in the agricultural sector , offering opportunities for learning , networking , and business growth .
P18 Unlocking Malaysia ’ s biopotential Cultivating a bio-based future with Malaysian Bioeconomy Corporation
P19 Green leap forward Sabah Softwoods Hybrid Fertiliser is here to boost eco-friendly farming
P20 Promoting agro-tourism Tambunan enhancing rural tourism by integrating local agriculture into the experience .
P22-23 No longer a subsistence economy Is Sarawak agriculture moving forward with the times ?
P24-25 Balancing the future of food The dual role of GMOs and waste reduction
P26 Economic drain How Nigeria went from global leaders to heavy importers of palm oil
17
THE Malaysian palm oil industry is under siege .
With the European Union ’ s new Deforestation Regulation ( EUDR ) and ongoing anti-palm oil campaigns , our nation ’ s most valuable agricultural export faces unprecedented scrutiny .
While these initiatives aim to protect the environment , they often overlook the significant progress Malaysia has made in sustainable palm oil production .
The EUDR , while well-intentioned in its goal to prevent deforestation , casts an unfair shadow over Malaysian palm oil .
Malaysia has been at the forefront of responsible palm oil practices , with the Malaysian Sustainable Palm Oil ( MSPO ) certification setting high standards for environmental stewardship .
Despite this , the EUDR threatens to undermine these efforts , imposing stringent requirements that disproportionately impact our smallholders . These farmers , who form the backbone of the industry , may find it increasingly challenging to access key markets , placing their livelihoods at risk .
Moreover , the anti-palm oil campaigns in Europe and beyond often paint a one-sided picture , ignoring the complexities of palm oil production and its importance to Malaysia .
These campaigns , driven by misinformation and protectionist agendas , overlook the fact that palm oil is one of the most efficient oil crops , requiring less land and water compared to alternatives like soybean or rapeseed .
The vilification of palm oil not only undermines Malaysia ’ s efforts to produce it sustainably but also risks pushing farmers into more environmentally damaging crops .
In the face of these challenges , Malaysia must continue to champion its palm oil industry on the global stage , advocating for fair treatment and recognition of its sustainable practices . Our nation ’ s future in agriculture depends on it .