KUALA LUMPUR: The oil palm industry is hoping for a fundamental shift in strategy in the upcoming Budget 2023, focusing on intensive, yield and investment-driven growth in line with the increasing emphasis on sustainability by major producing nations and consuming markets.
Industrial regulator, Malaysian Palm Oil Board (MPOB) said given Malaysia's commitment in achieving the targets set under the United Nations Sustainable Development Goals (UNSDGs), more allocation is needed to finance efforts to improve social inclusion and environmental sustainability of the palm oil industry.
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