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Which of the following is the world's second-largest producer of palm oil after Indonesia?
- a)India
- b)Malaysia
- c)Singapore
- d)China
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is the world's second-largest producer of palm...
The correct answer is Malaysia.
Key-Points
- Malaysia is the world's second-largest producer of palm oil after Indonesia.
- Hence option 2 is correct.
- Malaysia's palm oil inventory production has surged, and coronavirus lockdowns led to a slump in demand.
- Thus, Malaysian palm oil is available at a discount price compared to supplies from Indonesia.
- On the other hand, Indonesia has also raised its palm oil export levy.
- Additionally, Malaysia has also signed a deal to buy 100,000 tonnes of Indian rice.
Additional Information
India's Palm Oil import:
- India is the world’s biggest buyer of edible oils.
- India buys more than two-thirds of its total edible oil imports as palm oil.
- India-Malaysia Relation
- India established diplomatic relations with Malaysia in 1957.
Economic Relation:
- India and Malaysia have signed the Comprehensive Economic Cooperation Agreement (CECA).
- CECA is a kind of Free Trade Agreement (FTA).
- India has also signed the Free Trade Agreement (FTA) in services and investments with the 10-member Association of Southeast Asian Nations (ASEAN).
- Malaysia is the third-largest trading partner in ASEAN.
- Bilateral trade between India and Malaysia is significantly biased in favour of Malaysia.
Defence & Security Cooperation:
- Joint military exercises “Harimau Shakti” are held annually between the two countries.
- Traditional medicine:
- India and Malaysia signed an MoU on cooperation in the field of Traditional Medicine in October 2010.
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Community Answer
Which of the following is the world's second-largest producer of palm...
B. Malaysia
Explanation:
Malaysia is the world's second-largest producer of palm oil after Indonesia. Palm oil is a versatile and widely used vegetable oil that is derived from the oil palm tree. It is used in a variety of products such as food, cosmetics, and biofuels.
Reasons why Malaysia is the second-largest producer of palm oil:
1. Suitable Climate: Malaysia's tropical climate is ideal for the growth of oil palm trees. The country has abundant rainfall and temperature conditions that are favorable for the cultivation of palm oil.
2. Large Plantations: Malaysia has large-scale oil palm plantations spread across the country. These plantations are managed by both smallholders and large corporations. The extensive land area dedicated to palm oil cultivation contributes to Malaysia's high production levels.
3. Government Support: The Malaysian government has implemented policies and initiatives to promote the growth of the palm oil industry. They provide support to farmers and incentivize palm oil production through subsidies, research and development programs, and infrastructure development.
4. Technological Advancements: Malaysia has invested in research and development to improve the efficiency and productivity of palm oil production. This includes developing high-yielding oil palm varieties, implementing sustainable farming practices, and adopting modern technologies in plantation management.
5. Export-oriented Industry: Malaysia has established itself as a major exporter of palm oil. The country has a well-developed infrastructure for processing, refining, and exporting palm oil to international markets. The palm oil industry contributes significantly to Malaysia's economy through foreign exchange earnings and job creation.
6. Global Demand: The global demand for palm oil has been steadily increasing due to its versatile applications and relatively low cost. Malaysia has been able to meet this demand by expanding its production capacity and maintaining quality standards.
Overall, Malaysia's favorable climate, government support, technological advancements, and strong export-oriented industry have contributed to its position as the world's second-largest producer of palm oil.
Explanation:
Malaysia is the world's second-largest producer of palm oil after Indonesia. Palm oil is a versatile and widely used vegetable oil that is derived from the oil palm tree. It is used in a variety of products such as food, cosmetics, and biofuels.
Reasons why Malaysia is the second-largest producer of palm oil:
1. Suitable Climate: Malaysia's tropical climate is ideal for the growth of oil palm trees. The country has abundant rainfall and temperature conditions that are favorable for the cultivation of palm oil.
2. Large Plantations: Malaysia has large-scale oil palm plantations spread across the country. These plantations are managed by both smallholders and large corporations. The extensive land area dedicated to palm oil cultivation contributes to Malaysia's high production levels.
3. Government Support: The Malaysian government has implemented policies and initiatives to promote the growth of the palm oil industry. They provide support to farmers and incentivize palm oil production through subsidies, research and development programs, and infrastructure development.
4. Technological Advancements: Malaysia has invested in research and development to improve the efficiency and productivity of palm oil production. This includes developing high-yielding oil palm varieties, implementing sustainable farming practices, and adopting modern technologies in plantation management.
5. Export-oriented Industry: Malaysia has established itself as a major exporter of palm oil. The country has a well-developed infrastructure for processing, refining, and exporting palm oil to international markets. The palm oil industry contributes significantly to Malaysia's economy through foreign exchange earnings and job creation.
6. Global Demand: The global demand for palm oil has been steadily increasing due to its versatile applications and relatively low cost. Malaysia has been able to meet this demand by expanding its production capacity and maintaining quality standards.
Overall, Malaysia's favorable climate, government support, technological advancements, and strong export-oriented industry have contributed to its position as the world's second-largest producer of palm oil.
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Which of the following is the world's second-largest producer of palm oil after Indonesia?a)Indiab)Malaysiac)Singapored)ChinaCorrect answer is option 'B'. Can you explain this answer?
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