MARKET DEVELOPMENT
Malaysia On Track To Launch MSPO This Year
Malaysia On Track To Launch MSPO This Year
11/02/2014 (Bernama) - Malaysia, the world's second-largest palm oil producer, is on track to launch the Malaysian Sustainable Palm Oil (MSPO) standard this year, said the Malaysian Palm Oil Council (MPOC).
Its Chief Executive Officer Tan Sri Dr Yusof Basiron said the MSPO branding was expected to enable local palm oil to gain better access in major export markets such as the European Union, the United States and Australia.
He said the access would allow the local palm oil to attain better premium in terms of pricing given the high quality and sustainably produced local palm oil.
The MSPO can fast-track 100 per cent certification of Malaysian palm oil and the branding of Malaysian palm oil would have a strong unified platform for brand support, he said.
"Branding can facilitate trade and attract a premium for Malaysian palm oil," added Yusof.
Indonesia, the world's largest palm oil producer, has set up its own Indonesia Sustainable Palm Oil two years ago, which to date has been successful.
"Therefore, we hope Malaysia, in turn, will see the launch of its very own MSPO standard, to make it even more competitive in the future.
"After launching the MSPO, we may have problems on adoption...Let's see what the issues are, sustainability is no longer an option but a necessity for Malaysian palm oil," he added.
In an earlier report, Minister of Plantation Industries and Commodities Datuk Amar Douglas Uggah Embas said to move forward in the palm oil industry, the country needed to have a national palm oil standard.
He said the MSPO would address a lot of anti-palm oil sentiment in the European and US markets.
Speaking to Bernama today after the dialogue on challenges and opportunities in the industry, Uggah said that the Malaysian Palm Oil Board was working full-time on the MSPO, which is in the advanced stages of implementation.
"We are waiting for the cabinet to make the announcement, however, I do not know when the timeline is," he added.
The MSPO standard would initially be on a voluntary basis for local oil palm planters, however, the government wanted to see all planters adopting it in the long term, said Uggah.
On the oil palm and rubber replanting programme for smallholders, he said his ministry would seek further allocation from the goverment to extend the replanting period for 2014 to 2020.
From 2011 to 2013, some RM2.49 billion had been allocated for replanting, covering 108,000 hectares (ha) for oil palm and 124,000ha for rubber.
Its Chief Executive Officer Tan Sri Dr Yusof Basiron said the MSPO branding was expected to enable local palm oil to gain better access in major export markets such as the European Union, the United States and Australia.
He said the access would allow the local palm oil to attain better premium in terms of pricing given the high quality and sustainably produced local palm oil.
The MSPO can fast-track 100 per cent certification of Malaysian palm oil and the branding of Malaysian palm oil would have a strong unified platform for brand support, he said.
"Branding can facilitate trade and attract a premium for Malaysian palm oil," added Yusof.
Indonesia, the world's largest palm oil producer, has set up its own Indonesia Sustainable Palm Oil two years ago, which to date has been successful.
"Therefore, we hope Malaysia, in turn, will see the launch of its very own MSPO standard, to make it even more competitive in the future.
"After launching the MSPO, we may have problems on adoption...Let's see what the issues are, sustainability is no longer an option but a necessity for Malaysian palm oil," he added.
In an earlier report, Minister of Plantation Industries and Commodities Datuk Amar Douglas Uggah Embas said to move forward in the palm oil industry, the country needed to have a national palm oil standard.
He said the MSPO would address a lot of anti-palm oil sentiment in the European and US markets.
Speaking to Bernama today after the dialogue on challenges and opportunities in the industry, Uggah said that the Malaysian Palm Oil Board was working full-time on the MSPO, which is in the advanced stages of implementation.
"We are waiting for the cabinet to make the announcement, however, I do not know when the timeline is," he added.
The MSPO standard would initially be on a voluntary basis for local oil palm planters, however, the government wanted to see all planters adopting it in the long term, said Uggah.
On the oil palm and rubber replanting programme for smallholders, he said his ministry would seek further allocation from the goverment to extend the replanting period for 2014 to 2020.
From 2011 to 2013, some RM2.49 billion had been allocated for replanting, covering 108,000 hectares (ha) for oil palm and 124,000ha for rubber.