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1 May – The Malaysian Palm Oil Board (MPOB), a body overseeing the palm oil industry in Malaysia, was formed as a merger between the Palm Oil Research Institute of Malaysia (PORIM) and the Palm Oil Registration and Licensing Authority (PORLA). [9] 25 May–4 June – The 2000 Sukma Games was held in Penang. [10]
A mature oil palm plantation in Malaysia (2007) New oil palm plantation in East Malaysia (2010) Palm oil production is vital for the economy of Malaysia, which is the world's second-largest producer of the commodity after Indonesia. [1] [2] The Malaysian Palm Oil Board (MPOB) is a government agency responsible for the promotion and
The Malaysian Palm Oil Board (MPOB) was established in 1998 with the passing of the Malaysian Palm Oil Board Act, which led to the merger of two pre-existing agencies, the Palm Oil Research Institute of Malaysia (PORIM) and the Palm Oil Registration and Licensing Authority (PORLA). [1]
After five years of often back breaking work on a Malaysian palm oil plantation, Bangladeshi national Babul told his employer this month he was ready to call it quits. The plantation owner in the ...
A palm oil mill located on a palm oil plantation in Malaysia A satellite image showing deforestation in Malaysian Borneo to allow the plantation of oil palm. Malaysia is the world's second-largest producer of palm oil, producing 19.7 million tonnes in 2023-24. [46]
Palm oil plantations are IOI's biggest income generator. As of 2023, about 63 percent of the conglomerate's profits came from its oil palm plantations. The group controls 176,925 hectares of oil palm plantations in Malaysia and Indonesia. It has 15 palm oil mills with a total refining capacity of 1.8 million metric tonnes of FFB (fresh fruit ...
[114] [115] Though Indonesia produces more palm oil, Malaysia is the world's largest exporter of palm oil having exported 18 million tonnes of palm oil products in 2011. [ 116 ] In March 2019, the European Commission concluded that palm oil cultivation results in excessive deforestation and its use in transport fuel should be phased out by 2030.
Since then the Malaysian government, along with palm oil companies, have increased production of certified sustainable palm oil (CSPO). [79] Malaysia has been recognized by the Roundtable on Sustainable Palm Oil as the largest producer of CSPO, producing 50% of the world's supply, [80] and accounting for 40% of CSPO growers worldwide. [81]