Development Of Oil Palm Plantation Companies in Malaysia

Development of oil palm plantation companies in Malaysia can be traced back to the early 20th century. The first oil palm plantation in Malaysia was established in 1917 in Tennamaran Estate, Selangor by British companies. By the 1960s, oil palm cultivation had spread to other parts of Malaysia, particularly in the states of Sarawak and Sabah. In the 1970s and 1980s, the Malaysian government implemented various policies to encourage the development of the oil palm industry. These policies included the establishment of the Malaysian Palm Oil Board (MPOB) and the Palm Oil Research Institute of Malaysia (PORIM). The MPOB and PORIM were tasked with promoting and conducting research on oil palm cultivation and processing. As a result of these policies, the oil palm industry in Malaysia experienced rapid growth. By the early 21st century, Malaysia was the world’s leading producer and exporter of palm oil.

The development of oil palm plantation companies in Malaysia has had a significant impact on the country’s economy. The oil palm industry is a major contributor to the Malaysian economy, accounting for approximately 2.8% of the country’s GDP and employing over 600,000 people. The palm oil industry has also been a major driver of rural