MINDING PALM OIL'S THREE " Ps "

• " In this industry, minding the triple bottom line, which take stock of the needs of people, the health of the planet and earning profits, is paramount. We need to keep track of the ever-changing battlescape as our very success attracts plenty of interest from friends and foe alike, " he says. - MPOB Chairman Datuk Basri Ahmad.
• An environment impact assessment (EIA) is required for land to be developed for growing palm oil that is more than 50 hectares.
• The Government has set aside RM20 million in establishing a Wildlife Conservation Fund that, among others, will be spent to ensure protection of the wildlife including the orang utan.
• Globally, at 8.5 million hectares, oil palm has the lowest land use compared with over 58 million hectares given over for soya bean.
• Oil palm commands a yield of almost 10 times that of soyabean, 6.9 times of sunflower seed and 6.3 times rapeseed. Without doubt, hectare for hectare, oil palm is the most efficient crop.
• The Environmental Quality Act 1974 governs the discharge into water courses, making it mandatory for all palm oil mills to treat waste water on site to an acceptable level before discharge.
• The Environmental Quality (Clean Air Regulations) Act 1978 legislates against open burning.
• As far as the European Union is concerned, we have undertaken the RSPO (Roundtable on Sustainable Palm Oil) initiative as well as the MPOB Codes of Practice (COP) which address environmental and food health concerns.
  

Source - Malaysian Business