Malaysian palm oil body begs stakeholders not to kill the goose that lays the golden eggs as global challenges mount
RBD Palm Oil
Malaysia
Published Mar 13, 2023
Tridge summary
The Malaysian Palm Oil Association (MPOA) has pleaded with stakeholders of the palm oil industry to lend their support as multiple global challenges confront the industry.
Original content
KUALA LUMPUR (March 12): At its Sabah branch’s annual general meeting on Saturday, MPOA chief executive Joseph Tek Choon Yee said the sector is operating on a “non-level playing field” in the world’s agricultural market today, as trade barriers, protectionism, and social and environmental regulations are all intertwined. “The association’s earnest plea is not lo kill the goose that lays the golden eggs. MPOA and its members will continue to manage plantations in a sustainable manner and strive to attain higher productivity while remaining competitive and sustainable,” said MPOA in a statement on the meeting. According to the statement, Tek said the sector was a price taker, not a price maker, as it is in the commodity business. “When there is any cost increase, the sector cannot pass down the cost to its consumers. While facing many challenges such as shortages of skilled workers, higher unabated production costs and unpredictable weather patterns, the ante has been raised today ...
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