KUALA LUMPUR: Stakeholders in the oil palm industry must work collectively towards sustaining the prosperity of the critical facets of the industry, s...
: Stakeholders in the oil palm industry must work collectively towards sustaining the prosperity of the critical facets of the industry, said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah YusofHe said the industry players must acknowledge the challenges of navigating the global agricultural landscape.
He said over the years, Malaysia’s oil palm industry has played a transformative role in establishing the country as a global leader in the edible oil markets while bolstering the national economy. It has consistently provided employment opportunities, stimulated spin-off industries and bolstered foreign exchange earnings, while the entire supply chain contributed substantial tax revenues, the minister said.
“I want to emphasise that the industry’s sustained growth and competitiveness -- even in the face of social and environmental concerns -- has been laudable. Our country remains committed to confronting discriminatory trade practices aimed at undermining this essential agricultural commodity.
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