Palm oil
The first palm oil mill in Malaya at Tennamarain Estate, Batang Berjuntai, Selangor. Oil palm was first planted commercially in Malaya in 1917 by Frenchman Henri Fauconnier.
Derived from what was originally considered a decorative plant, palm oil is today the highly versatile and valued commodity at the centre of many industries. Malaysia is the world’s largest producer and exporter of palm oil, accounting for 45 per cent of world output and 51 per cent of world exports in 2005. In addition to its export in crude form, palm oil—like rubber before it—has successfully generated numerous other downstream activities, including processing, refining, research and development and end-product manufacturing.
- Information in the full article includes
- From ornamental to instrumental
- Economic significance
- Development of palm oil industries