KUALA LUMPUR: Malaysia’s palm oil board on Monday (Apr 25) stated it’s time for countries to reconsider their food versus fuel priorities, as Indonesia’s resolution to ban palm oil exports has ignited a “crisis” of world edible oil scarcity.
“It’s very important for countries to ensure available oils and fats are used for food and … temporarily stop or reduce their biodiesel mandates,” director basic of the Malaysian Palm Oil Board (MPOB) Ahmad Parveez Ghulam Kadir informed Reuters.
Palm oil, essentially the most broadly used edible oil, can be used as biodiesel feedstock. Malaysia is the world’s second largest producer of palm oil after Indonesia. Its producers have stated they can not meet the worldwide provide hole that can be triggered by Indonesia’s ban on palm oil exports which is due to come into impact on Apr 28.