The palm fruit is naturally reddish in colour because of the high beta-carotene content, the same nutrients that give tomatoes, carrots and other fruits and vegetables their rich colours. It is about the size of a large plum and grows in large bunches.
When ripe, each bunch of fruit weighs 40-50 kilogrammes. Oil palm bears fruit the whole year round, an average plant has an economic life of 25 to 30 years.
The oil palm is an important
agricultural crop, which yields three important sources of food, namely palm
oil, palm kernel oil and palm kernel cake. While the first two products can be
used for human consumption, such as cooking oil, margarines, shortenings,
bakery fats, vanaspati, ice creams and Vitamin E, etc., palm kernel cake is
used as an animal feed.
Palm
oil is currently the largest component of the global oils and fats trade and
Malaysia continues to feature as one of the largest producers in the world;
providing this edible oil for a number of wide-ranging industries in the food
and non-food sectors, including recently, supplying renewable energy from its
biomass.
An average of 3.7 tonnes of
palm oil, 0.4 tonnes of palm kernel oil and 0.6 tonnes of palm kernel cake is
obtainable from one hectare of land. Oil palm
occupies less than 5% of the global oil crops planted area and less than 1% of
the total agricultural land area in the world.
“Malaysia's
oil palm plantations, which directly employ 580,000 jobs, supports two million
livelihoods. Based on the track record in Malaysia and Indonesia, the
International Fund for Agricultural Development (Ifad) is funding a project in
Uganda to test the effectiveness of oil palm planting as a poverty eradication
tool”.
"Planting
oil palm trees help alleviate poverty because palm oil can generate returns of
about US$3,000 per hectare (RM10,320) while other food crop generates less than
US$100 (RM340)" ..…………Chairman and
Founder, World
Growth, a former career diplomat also chairman of the national
Australian APEC Study Centre, one of Australia's leading economic researcher
based at RMIT University, Melbourne.
Interesting updates on the oil palm industry, go here.
Interesting updates on the oil palm industry, go here.
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