REGAIN PALM OIL MARKET SHARES
International civil society organization Solidaridad Network encouraged more attention has to be paid as to how companies can better support the 3 million smallholders worldwide who produce roughly 30% of global palm oil in the face of new opportunities and external sustainability agenda.
The oil palm is a high-yielding crop grown by millions of smallholder farmers in many countries across tropics, and under the right conditions, this crop can generate a living income while the farmers work in balance with nature.
Palm oil is used to make everything from lipstick to noodles, but top producers Indonesia and Malaysia have faced boycotts after being accused of clearing rain-forests and exploiting migrant workers for the rapid expansion of plantations.
Malaysia is the world’s second largest palm oil producer and plans to leverage the global edible oil shortage and “political tension in Europe” to regain market share after buyers shunned the commodity over environmental concerns. Malaysia stands to benefit from this shifting demand and will undertake “aggressive efforts and campaigns” to fill the global supply gap in the long run.
Malaysia and Indonesia, which account for 85% of global palm oil output, have maintained that EU restrictions on palm oil-based biofuels are discriminatory and have launched separate cases with the World Trade Organisation.
PALM OIL CLIMBS IN HIGH
Global edible oil prices are likely to remain high in the first half of 2022 and EU demand is expected to increase in the near term due to tight sunflower and soy oil supplies. According to The Edge Markets, futures for January rose as much as 3.8% to RM4,165 a ton, a fourth day of gains and the highest intraday level since Sept 1.
Although palm oil is increasingly lucrative, smallholder palm oil producers cannot count on deriving a living income from their crop. While some companies demonstrate that they are taking the necessary steps to implement a comprehensive sustainability agenda, the sector needs to substantially improve its actions and investments at the smallholder level.
The industry’s tendency to cut costs to optimise profits, it reflects the underlying concern. In a report “Palm Oil Barometer 2022”, suggests that palm oil stakeholders take a step back and re-evaluate how the palm oil value chain can be made more inclusive.
COST-EFFECTIVE & ECO-FRIENDLY
Scaling-up production of cost-effective and eco-friendly biofertilizer and its application help to accelerate the implementation of mandatory frameworks and national sustainability standards.
Topland Oil Palm AgroGrow K-601 manufactured by LKB Group fulfills eco-friendly and sustainability standards, less dosage of fertilizers are applied with effective productions. It consists beneficial microorganisms that play a key role in enhancing plant growth and crop productivity by generating high-quality bioactive metabolites.
From years feedback of clients, it is remarkably result that the application of Topland Biofertilizer as a cost-effective biofertilizer stimulates the growth of palm oil and this promising product decrease the total cost of crop production include other indirect costs of labor and transport.
Dependency on too much application of chemicals in past years, for more crop production have certainly damaged both human health and the ecosystem to great severity. Nature has its plan for sustainable growth and development and so are the biofertilizers, which are ultimate gift of nature to our agriculture as a replacement.
Topland biofertilizers contain microbes in a living form which encourages the sufficient supply of nutrients and growth promoters to the plants and ensures their good growth, development, and regulation of physiological activities. The beneficial microbes used for the preparation of Topland biofertilizer have specific function; they augment plant growth, development, and reproduction.
In the above view, Topland biofertilizer being important constituents of sustainable agricultural development can play a vital role in conserving long-term soil fertility, soil health, and sustainability in crop production in Malaysia and internationally.