Malaysia Proposes MSPO and Halal Certified Palm Oil Trade

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Malaysia Proposes MSPO and Halal Certified Palm Oil Trade. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, KUALA LUMPUR – The Halal Development Corporation Bhd (HDC) has endorsed the assertion made by the Malaysian Minister of Plantation and Commodities, Datuk Seri Johari Abdul Ghani, advocating for the enforcement of compliance with Malaysian Sustainable Palm Oil (MSPO) and halal certificates as prerequisites in palm oil trade.

HDC emphasized that sustainable palm oil practices should align with halal standards, as it would reflect Malaysia’s commitment to both Islamic principles and environmental sustainability.

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According to Khairul Azwan Harun, Chairman of HDC, the integration of halal and MSPO certificates presents significant opportunities for the palm oil industry. “We believe that by promoting sustainability in Malaysia’s palm oil production, we would escalate our position as the advance palm oil product supplier in the world,” he said, as in the official statement, as Palmoilmagazine.com quoted from New Straits Times, Friday (15/3/2024).

Also Read: Malaysia Launches MSPO Certified Cooking Oil

Though there would be small fluctuation, palm oil and its derivative product demands within halal certificate would remain well and stable in the market dynamic globally.

In 2022, halal palm oil within about RM 2,79 billion was exported from total palm oil exports that reached RM 59,46 billion. The countries, such as, India, China, Japan, Korea, Netherland wanted to get halal palm oil materials for many products, including food, cosmetics, and medicines.

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In October 2023, HDC and Malaysian Palm Oil Certification Council (MPOCC) signed memorandum of understanding that described the cooperation and facilitation of collaboration in promotion, information exchange, and chance tracking to get developed particularly in related sustainability and initiatives in palm oil industries and halal.

“To promote our trade abroad, we did observation that there were massive demands on halal certificate palm oil products,” Azwan said. (T2)

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