MPOB issues letter of reminder after palm oil manufacturers stop ops


Deputy Minister of Agriculture and commodity Datuk Seri Wee Jeck Seng.

KUALA LUMPUR: The government through the Malaysian Palm Oil Board (MPOB) today issued a letter of reminder to palm oil manufacturers following the cessation of operations after the sharp fall in edible oil prices.

Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng said the letter reminded manufacturers to carry out activities in the oil palm fruit manufacturing sector and comply with legal requirements under the Malaysian Palm Oil Act 1998 (Act 582).

He said the manufacturers involved would also face suspension of their licences if they were proven to have committed the act.

"I would like to give a stern warning regarding the action taken by the manufacturers concerned until the original purpose of the licence issued no longer exists.

"I take this matter seriously and request that fresh fruit bunch (FFB) processing and manufacturing activities will not stop as stated in the licence issued to avoid any legal action,” he said in a statement today.

Earlier, he said the actions of some manufacturers who stopped operations and did not buy FFB indirectly disrupted existing stocks and had a negative impact on smallholders. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read