What is Malaysia’s role in the palm oil industry?
Malaysia’s role in the global palm oil trade
Malaysia is the second leading producer of palm oil worldwide, after Indonesia. Together, these two countries supply more than 80 percent of the world’s palm oil supplies. The largest export markets for Malaysian palm oil were China and India.
What are the positive effects of palm oil?
The palm oil industry has helped lift millions of people out of poverty in Indonesia and Malaysia, which together account for around 85 per cent of global production. Oil palm plantations have created millions of well-paying jobs, and enabled tens of thousands of smallholder farmers to own their own land.
What benefits does palm oil have?
Overview. Palm oil is obtained from the fruit of the oil palm tree. Palm oil is used for preventing vitamin A deficiency, cancer, brain disease, aging; and treating malaria, high blood pressure, high cholesterol, and cyanide poisoning. Palm oil is used for weight loss and increasing the body’s metabolism.
How is palm oil important to the economy of Malaysia?
The Malaysian palm oil industry is significant contributor to Malaysia’s overall economy, providing both employment and income from exports. In 2011, the sector was the fourth largest contributor to Malaysia’s economy, accounting for RM 53 billion (USD 16.8 billion) of Malaysia’s Gross National Income (GNI).
What are the positive benefits of palm oil for the world community?
For the main producing countries, palm oil significantly contributes to economic growth and the alleviation of rural poverty, as well as providing significant benefits to importing countries.
What are the effects of palm oil on the environment?
Impacts. Large areas of tropical forests and other ecosystems with high conservation values have been cleared to make room for vast monoculture oil palm plantations. This clearing has destroyed critical habitat for many endangered species—including rhinos, elephants and tigers.