Crude Palm Oil Companies in Malaysia

Crude palm oil companies in Malaysia are involved in the production of palm oil which is derived from the fruit of the oil palm tree. The palm oil industry in Malaysia is a major contributor to the economy, providing employment to over 500,000 people and accounting for 2.6% of the country’s GDP.

Malaysia is the world’s second largest producer of palm oil, with a production volume of 19.7 million tonnes in 2018. The country is also the largest exporter of palm oil, with a export volume of 18.6 million tonnes in 2018. The palm oil industry in Malaysia is dominated by a few large companies, which control the majority of palm oil production and exports.

The top three palm oil companies in Malaysia are Sime Darby, Felda Global Ventures, and IOI Group. These companies control a combined 70% of the country’s palm oil production. Sime Darby is the largest of the three, with a production volume of 3.9 million tonnes in 2018. Felda Global Ventures is the second largest, with a production volume of 2.6 million tonnes in 2018. IOI Group is the third largest, with a production volume of 2.1 million tonnes in 2018