Kuala Lampur, May 28 -- Palm oil has come a long way since assuming leadership of the global oil and fats business.
It accounts for the largest share, more than a third, of the world trade in oils and fats.
Malaysia can claim to have started the expansion.
Indonesia is now the largest producer. Malaysia is second.
But unlike Indonesia, Malaysia has reached the limit in production because of land constraints.
This has stabilised at about 6 million hectares.
Malaysia has always respected the need to refrain from encroaching into environmentally sensitive permanent forest areas. We value biodiversity.
To increase production, Malaysia is trying hard to increase yield.
It is not easy because unlike Indonesia, Malaysia is very dependent...
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