Ruler: Industry 4.0 tech lagging in palm oil sector

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.7% at 2,007 ringgit ($482.34) per tonne on Tuesday evening, charting its first gain in three days. It had risen as much as 1.3% to an intraday high of 2,019 ringgit

KUALA LUMPUR: With many measures already in place to ensure greater sustainability for the palm oil sector, more can and must be done, including boosting productivity through the application of new technologies and innovations, says the Sultan of Perak, Sultan Nazrin Muizzuddin Shah.

He said this holds much promise in economic as well as environmental terms, whether from genetic breakthroughs, the discovery of new processing methods or uses, or the achievement of greater efficiency in existing production and distribution processes.