Experts say Malaysia's palm oil industry can do better

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The palm oil industry, which has been contributing about six per cent to Malaysia's gross domestic product, can do much better, said economist and consultant in agriculture and rural development, Isabelle Tsakok.She said the industry needs to tackle the interlinked sustainability challenges, particularly relating to environmental, climate change and social issues.“In order to do that, it will require leadership and I urge the Malaysian government, which has enormous muscle power, to get into this in a big way as it did when it chose palm oil (to be one of the income generators to the economy),” she said during the International Palm Oil Sustainability Conference 2020 (IPOSC 2020) virtual question and answer (Q&A) session today.Among the challenges she highlighted is the European Union’s (EU) decision to phase out palm oil in transport fuels from 2030, the reduction in …