Trading Of Palm Oil Companies in Malaysia

Malaysia is the second-largest producer of palm oil in the world, after Indonesia, and the largest exporter of palm oil products. Palm oil production is a major economic activity in Malaysia, accounting for 2.5% of GDP and providing employment for more than 650,000 people.

The palm oil industry in Malaysia is export-oriented, and palm oil and palm kernel oil make up about 60% of the country's total exports. Palm oil exports have grown rapidly in recent years, reaching a record high of 18.9 million tonnes in 2011.

The majority of palm oil traded in Malaysia is refined palm oil, which is used for cooking and as a raw material in the manufacture of margarine, soap, and cosmetics. Malaysia is also a major exporter of palm kernel oil, which is used in the production of edible oils and fats, as well as in the cosmetics and detergent industries.

The palm oil industry in Malaysia is regulated by the Palm Oil Board, which is responsible for promoting the efficient production and use of palm oil and palm kernel oil. The Board also regulates the palm oil industry's environmental performance.