Indonesia dominates global palm oil production. Expected to produce 31 million metric tons in 2013, Indonesia is currently the largest producer and exporter of palm oil worldwide. Palm oil is a cheap and production efficient oil produced from the fruit of certain palms. With the growth of the palm oil industry, deforestation has become prevalent in Indonesia as a means to produce it. According to the Indonesian Ministry of Agriculture, “The total area of oil palm plantations in Indonesia is currently around eight million hectare; a number which is twice as much as in the year 2000.” The palm oil industry is expected to expand for a number of reasons.
Guthrie Company was the first British trading company in South East Asia. They introduced rubber and palm oil in Malaysia. Golden Hope Plantations Berhad was a tea and coffee trading company. Then, they purchased some small estates in Malaysia and amalgamated them to form the Golden Hope Rubber Estates. It is one of the largest companies on Bursa Malaysia with a market capitalisation of RM57.6 billion (USD 17.4 billion) as at June 2013.
Sime Darby is one of the largest contributors of palm oil in the world whereby, it covers up to 6% of the world supply and roughly 66% came from Malaysia. Sime Darby does not just own oil-palm and rubber plantations. They also mill their own fresh fruit brunches into palm oil which is for the sake of effective management and cost effective business. They have 61 oil mills across both Malaysia and Indonesia. As one of the professionals in oil palm industries, Sime Darby has become the pioneer of sustainable agricultural practices and applies Zero Burning Replanting technique to dispose their plants.
It has been established as “Asia’s leading agribusiness group” with 2016 being its 25th year ("Wilmar International", 2016). Wilmar is the world’s leading and largest palm oil trading company as well as one of the owner’s of the largest oil palm plantation and refiner in Indonesia ("Wilmar International", 2016). While contributing to the production of multiple items of daily use through the production and refining of palm oil, Wilmar has also lifted communities around the world, especially in Southeast Asia and Africa, out of poverty, and provided stimulation for their economies. Overall, Wilmar’s impact has been widespread and it has been intense. The company continues to make strides not only in the palm oil industry, but, most recently, in the stabilization and maintenance of the
Spain treasures the largest olive-tree plantation of the world. Over 300 million olive trees, which occupy more than 2.5 million hectares, spread over 34 provinces over the country, taking preponderance its presence in the southern and eastern half of the peninsula. This makes Spain the largest producer and exporter of olive oil, representing more than half of EU production and 40% of the world’s production. This gives an enormous economic asset and a great social, environmental, cultural and public health value. Spain is the leading producer of olives in the world and, therefore, in the obtainment of virgin olive oil In Spain there are 32 protected designations of origin (PDO) of virgin and extra olive oil, that care for the quality of their oils and mark cultivation, collection, processing, bottling and labeling procedures.
Throughout history, rubber has been one of the most used raw materials in the world. It has had a significant role in global and economic trade. Countries such as India and Sri Lanka have been greatly influenced by the production of rubber in the eighteenth and ninetieth century. In general, the production of rubber benefited the world significantly, especially Great Britain as it allowed them to make a profit and to obtain a sufficient amount of wealth. This was accomplished through the means of trade and exploiting indentured servants to work in these rubber plantations.
Introduction Saudi Aramco is the largest producer of crude oil in the world. They account for the majority of the world’s crude oil and natural gas exports. The company is great. They treat their employees well and they look out for the environment. The company’s home office is located in Dhahran, Saudi Arabia and employees millions of people.
This laid the foundations for the rapid growing of oil palm plantations and the palm oil industry in Malaysia. (Mpoc.org.my, 2012) Figure 1: Palm plantations is Malaysia (Crisp.nus.edu.sg, 2010) Now, Malaysia is one of the largest producers and exporters of palm oil in the world. By 2015, about 5.64 million hectares of land is used for
Palm oil is currently representing one third of the vegetable oil market in the world. An edible vegetable oil used in a wide variety of products ranging from food items to cosmetics and biofuel. The growth of palm oil has largely been driven by the consumption in the emerging markets especially in India and China due to rising populations and standards of living, and demand for biofuels. Malaysia is one of the largest palm oil producers and exporters in the world. Malaysia currently accounts for 33 % (2014) of world palm oil production and 44% of world exports.
Palm oil exists as a solid at room temperature. Malaysia has been aggressive in the production of palm oil. For example, many forests have been cleared out to build new palm oil plantation at East Malaysia especially between the main road at Bintulu-Miri. By conducting various research and scientific method, new product of palm oil is obtained through plant breeding. Cross breeding between homozygous dominant thick-shelled dura with homozygous recessive shell-less pisifera produces more 100% het... ... middle of paper ... ... in terms of scientific advancement and also more important is the potential the findings will have in bringing benefits to the palm oil industry.