Kuala Lampur, Jan. 28 -- The palm oil industry is celebrating their good fortune. The price of palm oil has stabilised at a profitable level for some years now. Currently, it is approaching RM5000 per ton. Their palm oil inventory is better managed. Thanks must go to the early leaders of the industry for their wisdom to venture into the biofuel business. The fruits of that milestone decision are now realised.

As usual, there were sceptics then. But through the strategic investment in R&D, all such sceptics have been silenced. In my recent engagement with the current leaders of the palm oil industry, a top agenda now is increasing palm oil yield. From their monitoring, the yield has been stagnating at an average of about 4 tons per hectar...