MARKET DEVELOPMENT
MPOB, MPOC and MPOCC will be highly synergised if they are placed under one roof — Zuraida
MPOB, MPOC and MPOCC will be highly synergised if they are placed under one roof — Zuraida
14.04.2022 (www.theedgemarkets.com[U1] ) - KUALA LUMPUR (April 14): Collaboration between the Malaysian Palm Oil Board (MPOB), Malaysian Palm Oil Council (MPOC) and the Malaysian Palm Oil Certification Council (MPOCC) will allow these organisations to streamline their missions and create greater synergy rather than for them to work in silos.
Plantation Industry and Commodities Minister Datuk Zuraida Kamaruddin said by working under one roof, these agencies will be well coordinated and have a common direction.
"We (will) see better engagement among these agencies and it is also cost-saving at the same time, ensuring that there are no overlapping roles, especially when we foresee higher agricommodity exports this year," she said after attending a breaking of fast ceremony in conjunction with the Malaysia International Agricommodity Expo and Summit 2022 (MIACES 2022) here on Thursday.
The Ministry intends for MIACES 2022, which is being held from July 26 to 28, to become a platform to promote commodity products and to improve the quality of existing products through various technological studies.
Up to now, MIACES 2022 has received confirmation that five Ministers from Bangladesh, Indonesia, Sri Lanka, India, and Iran will attend the event while several more are expected to attend.
In line with the implementation of the National Agricommodity Policy 2030, MIACES 2022 is among the initiatives to ensure the continued development of the agricommodity sector.
“The Ministry is confident that total agricommidity exports will rise rapidly as the country transitions from the pandemic to the endemic phase of Covid-19," said Zuraida.
Up to November 2021, agricommodity exports were estimated to have jumped 41.6% to RM189.8 billion compared to the same period in 2020 on the back of high commodity prices, especially palm-oil-based products.
The plantation ministry has previously targeted for agricommodity exports to breach RM300 billion this year due to rising demand for palm oil and rubber and on the back of higher commodity prices.