globally have been facing shortages in domestic supply to fulfill their
oils and fats needs. This has lead to many countries becoming chronic
importers of oils and fats. Fortunately, there are a few
countries producing excess oils and fats to meet the needs of net
importers, such as Malaysia and Indonesia, who are also the major
producers of palm and palm kernel oil.
Although there are significant
opportunities available for all countries to enhance their capacity to
produce and export oils and fats to meet global demand, a fair trade
regime needs to be in place to enable unimpeded access for oils and fats
exports globally. Presently, the most viable crop capable of
participating in the net export market is palm oil due to its high yield
and the least land required.
* This paper was presented by Dr Yusof Basiron at the National Institute of Oilseed Products (NIOP) Conference at Scottsdale, USA