Malaysia Ready to Share Palm Oil Expertise

Malaysia is ready to share its expertise in the development of the palm

oil industry with the African countries participating in the Langkawi

International Dialogue (LID) 2011.

Plantation Industries and Commodities Minister, Tan Sri Bernard

Dompok, said if there were countries interested and asked for help,

Malaysia was always ready to talk to them.

He said interested countries could work closely with the Malaysian

Palm Oil Board (MPOB), a government agency responsible for the

development, promotion and regulation of the industry in Malaysia.

“They can exchange knowledge on the discovery and latest technology

related to sustainable development of the palm oil industry, best

farming practices, sustainable production, branding and certification,”

he said on the sidelines of the 16th Asia Oil and Gas Conference in

Kuala Lumpur today.

Currently, he said, his ministry and agencies involvement were guided

by the participation of local companies operating oil palm plantations

in Africa such as Congo, Liberia and Sierra Leone.

The delegates attending the LID, which will be held in Putrajaya beginning June 18, is also scheduled to visit MPOB in Bangi.

Malaysia currently accounts for 39 per cent of world palm oil production and 44 per cent of world exports.

Last year, Malaysia exported palm oil and palm oil products worth

RM4.39 billion, an increase of 40.7 per cent compared with RM3.12

billion in 2009.

Major palm oil products exported included palm oil, palm kernel oil, oleochemicals, finished products and biodiesel.

Malaysia will be hosting the LID for the ninth time this year.

It will be held at Putrajaya International Convention Centre for three days from June 19.

LID is an international dialogue among developing nations, which among others, deliberate on poverty issues.

Malaysia last hosted the LID in Langkawi in 2007. — Bernama

Source : Business Times

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