9 Sep 2005

Palm Oil alternative to sugar

8:24 am on 9 September 2005

The Malaysian government has offered to help Fiji develop a palm oil industry as an alternative to the ailing sugar industry.

The offer has been made at the Commonwealth Parliamentary Association meeting in Nadi.

The chairman of the Malaysian Agriculture Committee, Datuk Mohammed Said Yusof, whose also an MP, says Fiji has ideal conditions for a multi-billion dollar palm oil industry.

He said apart from producing oils and fats, palm oil could be used for margarine, Vitamin E tablets and additives to improve the lubricity of certain types of diesel fuel.

Mr Yusof said Malaysia has palm oil projects Papua New Guinea and the Philippines.

Malaysia is the biggest producer of palm oil accounting for

51-percent of the world's production.