SHAH ALAM, Nov 24 (Bernama) -- Overall crop demand from all uses is expected to
increase 84 percent from 2000 to 2050 driven by income growth and biofuels
necessitating an 86 percent increase in crop production. By 2050, to meet
population demand and an estimated 265% increase in consumption, palm oil
production is required to be increased by 265%, while palm oil stock would
increase by 76% (John Kruse, FAO, 2010).
Palm oil will continue to be in demand in tandem with population growth which is expected to reach 9 billion by 2050 compared to the current 7 billion. Despite uncertainties in terms of yield and sustainability, by 2030 world requirements for vegetable oils is expected reach 161 million tons per year (Yusof Basiron, 2012). Natural rubber demand, on the other hand, may rise to 16 million tons in 2020, a 39% increase from 12 millon tons in 2013 (IRSG 2012). These figures indicate the urgency of meticulous planning, wise policy making, and implementation.
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