Need for more transparent disclosure of palm oil statistics

MORE often than not, Indonesia, the world’s largest palm oil producer, has come under heavy criticism for its continued inefficiency in providing the exact data on the republic’s palm oil stock, production, oil palm planted area and mature hectarage.

Malaysia, on the other hand, has been praised for its diligence in coming out with timely and efficient palm oil statistics every month via its palm oil custodian, the Malaysian Palm Oil Board (MPOB).