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Apr 12, 2013

Malaysian Palm Oil Board: Function & Funding

 
Functions
  • Implement policies and development programs to ensure the viability of the oil palm industry of Malaysia.
  • Conduct and promote research and development activities relating to the oil palm industry.
  • Regulate, register, co-ordinate and promote all activities relating to the oil palm industry.
  • Develop, promote and commercialize research findings as well as provide technical, advisory and consultancy services to the oil palm industry.
  • Develop and maintain markets for oil palm products as well as promote efficient marketing.
  • Liaise and co-ordinate with other organizations inside or outside Malaysia to further enhance the oil palm industry of Malaysia.
  • Plan and implement training programs and human resource development in line with the needs of the oil palm industry.
  • Be the resource and information center of the oil palm industry including the publication and dissemination of information on oil palm as well as other oils and fats.
Funding

MPOB derives its funding mainly from cess imposed on the industry for every tonne of palm oil and palm kernel oil produced. In addition, MPOB receives budget allocations from the government to fund development projects and for approved research projects under the Intensification of Research in Priority Areas (IRPA) program.