Malaysia ready to cater to requirements on sustainable palm oil to ease edible oil shortage — MPOC

Published Mar 30, 2022

Tridge summary

The Malaysian Palm Oil Council (MPOC) has announced Malaysia's readiness to help address the sustainable palm oil requirements of Iceland, following the latter's supermarket chain's sunflower oil shortage. This development comes after Iceland Foods Ltd. lifted its ban on palm oil, initially imposed due to the conflict in Ukraine and the perceived environmental impact of palm oil production. MPOC's chairman, Larry Sng Wei Shien, criticized Iceland's anti-palm oil stance, arguing that it overlooks the industry's progress towards sustainability and highlights outdated misconceptions. Sng emphasized that palm oil is more efficient and can satisfy the demand in the British and European markets, allowing for the reduction of land use and the achievement of 100% sustainable palm oil in Europe.

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Original content

KUALA LUMPUR (March 30): Malaysian Palm Oil Council (MPOC) said Malaysia is ready to help and cater to the requirements on sustainable palm oil to substitute for sunflower oil amid an acute shortage in Iceland supermarkets. “Sustainable palm oil is a viable substitute for sunflower oil, and while the war in Ukraine impacts supply and inevitably food prices, Malaysia stands ready to help,” MPOC chairman Larry Sng Wei Shien said in a statement on Wednesday. On Monday, a United Kingdom broadsheet Daily Telegraph reported that the supermarket company Iceland Foods Ltd had been forced to reverse a ban on palm oil from its products and shelves amid an acute shortage of sunflower oil, a staple ingredient in various food products. In 2018, Iceland supermarket pledged to remove palm oil from all its own-brand foods due to the allegation that palm oil was one of the major drivers of deforestation. Sng said Iceland Foods’ campaign against palm oil has always ...

Source: Theedgemarkets