Transparency in the palm oil industry is necessary to avoid putting the palm oil industry at risk of losing its trillion-dollar worth of assets, transparency is the way to go, according to M.R. Chandran, a veteran of the agro-commodity sector.
He made these remarks at a plenary session on the palm oil price outlook 2022/2023 in conjunction with the East Malaysia Palm and Lauric Oils Price Outlook Conference and Exhibition held at the Magellan Sutera Resort, in Kota Kinabalu recently.
“If we take the Indonesian planted area, we don’t really have precise data coming out of Indonesian organisations. I know the numbers vary from various groups but 16.5 million hectares is the official figure from the ministries, in Malaysia, we are looking at 5.8 million hectares.
