Palm oil to still be a powerhouse of oils and fats market: MPOB

Palm oil to still be a powerhouse of oils and fats market: MPOB. [Newspaper] (2021)


KUALA LUMPUR: Palm oil will continue to be the powerhouse of the oils and fats market, despite continued allegations around tropical deforestation and misleading anti-palm oil campaigns. Malaysian Palm Oil Board (MPOB) said palm oil was the largest produced vegetable oil in 2020, accounting for 31 per cent of the world's oils and fats products at 235.4 million tonnes, compared to 25 per cent of soybean oil and 11 per cent of rapeseed oil in the same year. The government agency, which is responsible for the promotion and development of the local palm oil industry, said palm oil covered 23.4 million hectares of cultivation land in the world or five times smaller than soybean cultivation area. MPOB said palm oil produces on average 3.24 tonnes per ha annually, equivalent to seven times more than soybean oil and four times more than rapeseed and sunflower oils.

Item Type: Newspaper
Keywords: ecosystem Biodiversity, biodiversity, soybean oil
Taxonomy: By Subject > Applied Sciences > Biology
By Subject > Applied Sciences > Environmental Technology
By Subject > Applied Sciences > Industrial Technology
By Subject > Plantation & Agrotechnology > Plantation and Agribusiness Management
Local Content Hub: Subjects > Applied Sciences
Depositing User: Jamil Jawi
Date Deposited: 29 Jan 2021 09:05
Last Modified: 29 Jan 2021 09:05
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