CONTRIBUTING FACTORS TO MALAYSIAN SUSTAINABILITY ON PALM OIL

Abstract

Oil palm production serves as a leading sector which contributed a lot to the development of Malaysian economy as a great driving force for the country’s agro-industry. About a century ago, when the oil palm plantation was formed, its contribution was 71% to the national agricultural land bank. Malaysia has also received global recognition for resources allocation among its citizens and poverty alleviation within the country. Palm oil has risen as a global strategic commodity, it rose as the main source of income, which generates revenue, promotes economic development and alleviates poverty. palm oil contributed considerably to the economic growth of Malaysia through employment chances in rural areas, improvement of infrastructure which includes education, health facilities, generation of revenues for workers and the government. It raises governmental credits and training schemes and flourishes development of the agricultural sector. The primary objective of this paper is to show the contributing factors to Malaysian sustainability on palm oil, the research is qualitative in nature, it has adopted document analysis, the finds of the paper are the contributing factors towards Malaysian sustainability on palm oil.