Enhanced Biodiesel Programme, New Markets Help Boost Palm Price, Says Deputy Minister

(Malay Mail/Bernama) The biodiesel improvement programme and initiatives in the country as well as opening of new markets have contributed to the increase in palm oil price currently, said Plantation Industries and Commodities Deputy Minister Willie Mongin.

“We are optimistic and confident of at least maintaining the price at this level. In fact, the government’s seriousness in fostering good diplomatic ties with importing countries has also helped in maintaining or improving the commodity’s price,” he said.

He said this to reporters after attending the “Jom Pensijilan Minyak Sawit Mampan Malaysia” programme or “Let’s Go for Malaysian Sustainable Palm Oil (MSPO) Certification” programme at Pulapol Kuching near here.

On the certification aspect, he said besides recognising the palm quality produced, it could also assure producers of getting good prices.

“There are 452 palm oil mills in the country, of which 408 or 90.27 per cent have obtained the MSPO certification, while in Sarawak, out of 81 mills, 77 or 95 per cent have obtained the certification,” he said.

“There are smallholders who own land but without grant even though this is one of the requirements (to get certification) and this matter will take time to resolve. We can discuss with them as they may be facing certain constraints,” he said.

The smallholders who have not obtained the certification are still allowed to sell their palm production which meets the quality grade set by the millers. READ MORE