Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, January 7
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»(EDITED) FGV’s Prodata leads palm oil traceability push as EU deforestation rules loom
    Commodities

    (EDITED) FGV’s Prodata leads palm oil traceability push as EU deforestation rules loom

    September 23, 20254 Mins Read


    KUALA LUMPUR, Sept 16 — For Malaysia’s palm oil industry, the European Union’s new deforestation rules once looked like a wall. Now, companies like FGV Holdings Berhad are trying to turn them into a bridge, with its digital arm FGV Prodata leading the way through a homegrown traceability platform known as FGV TOP, or Traceability of Product.

    In an interview, FGV Prodata’s head of digital strategy and planning Muhammad Yazid Masol explained why traceability has become central to the group’s strategy.

    “Europe requires Malaysian palm oil to adhere to EUDR (European Union Deforestation Regulation). FGV, as one of the largest players, needed a system that could trace products from the plantation all the way to the export manifest,” he said.

    “That’s why we developed FGV TOP in-house — end to end, from ladang to consumer.”

    Racing against the clock

    The EUDR, which comes into effect at the end of 2025, requires exporters of commodities like palm oil, cocoa and coffee to prove their products are not linked to deforestation after December 2020. For FGV, the stakes were clear: no traceability, no access to Europe.

    Muhammad Yazid said the platform was developed at speed.

    “Within four months, we prepared for compliance. The CEO likes two things — speed and resilience. That’s what we delivered,” he noted.

    The system links every batch of fresh fruit bunches to the estate it came from, the mill that processed it, and the refinery that turned it into oil. A polygon map shows the exact estate of origin, providing regulators and buyers in Europe with a transparent record.

    “You can’t cheat, you can’t lie. The report generated by TOP is what satisfies Europe’s compliance,” he added.

    Boost for smallholders

    Beyond ticking boxes for Brussels, FGV Prodata sees the platform as a way to uplift rural incomes.

    “We can then assist settlers and their FFB (fresh fruit bunches) to adhere to the compliance through technology,” Muhammad said.

    With around 300,000 Felda settlers in the supply chain — and thousands of independent smallholders — traceability ensures that compliant fruit can reach higher-value markets.

    He stressed Prodata’s wider responsibility.

    “We must take the lead and help external smallholders too. They won’t get a certificate on their own, but we can buy their products and include them in the system as long as their products comply with EUDR regulations.

    “That way, no one gets left behind.”

    This effort dovetails with the Malaysian Sustainable Palm Oil (MSPO) certification, which was recently acknowledged by the EU as a credible sustainability standard.

    Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani hailed the move as proof that Malaysia could meet global expectations while keeping smallholders in the picture.

    “MSPO provides assurance on legality, cut-off date compliance, and digital traceability, while ensuring that more than half a million smallholders are fully part of the sustainability agenda,” he said in a statement.

    First mover in Europe

    FGV Prodata has already claimed a first-mover advantage. In August 2024, it produced its first batch of EUDR-compliant crude palm kernel oil, making it one of the first Asian companies to export to Europe under the new regime. That milestone, Muhammad noted, came because the platform was ready.

    “We wanted to be the first mover in Europe, the first from Asia. That’s why we rushed to get TOP operational,” he said.

    Exporting know-how to Asean

    Yet Prodata’s ambitions go beyond Malaysia’s borders. The company has already been tapped to share its expertise with neighbours. Through a SIRIM-Asean programme funded by Germany’s PTB (Physikalisch-Technische Bundesanstalt), Malaysian experts — including Muhammad — trained Vietnam’s National Metrology Institute in building a regulatory framework for traceability.

    “Vietnam wanted to learn from Malaysia instead of copying the whole German model. So we taught them how our system works, and at the same time, we showed them we already had a product, ProWeigher, our certified weighbridge system — that complies with international standards.”

    That weighbridge system is now deployed across FGV’s 66 mills and is designed to provide tamper-proof, legally relevant weighing data — a crucial element in preventing fraud and ensuring transparent transactions. Beyond palm oil, it can be applied to commodities from rice to coal, which gives it wider Asean market potential.

    From compliance to opportunity

    For Muhammad Yazid, the bigger story is not just helping Europe trace Malaysia’s palm oil, but showing Asean and the world that Malaysia can lead on technology.

    “We’re not just building this for ourselves. We want to promote FGV products and Prodata’s systems in the region. That’s why Vietnam and other neighbours are looking to us,” he said.

    With EUDR enforcement looming, and with smallholders depending on access to export markets, FGV Prodata’s digital push may prove critical. By anchoring compliance in technology and spreading that know-how across Asean, the company hopes to turn regulation into opportunity.

     

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFold Launches Bitcoin Credit Card
    Next Article Dow, S&P 500, Nasdaq futures edge up after Wall Street’s record-setting rally stalls

    Related Posts

    Commodities

    A New Era of Geopolitical Risk Is Rewiring Global Commodity Markets

    January 7, 2026
    Commodities

    Here’s Why 2026 Will Be The Year of Hard Assets

    January 5, 2026
    Commodities

    HGER: Dynamic Commodities Fund, Up +20% In The Past Year (NYSE:HGER)

    January 2, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Stock market today: Dow, S&P 500, Nasdaq stage comeback after Moody's downgrades US credit rating – Yahoo Finance

    May 19, 2025
    Bitcoin

    Second edition of Bitcoin MENA Conference kicks off in Abu Dhabi

    December 8, 2025
    Stock Market

    La Chine va créer un segment dédié aux entreprises technologiques non rentables sur le STAR Market de Shanghai

    June 18, 2025
    What's Hot

    RAC could put London stock market on road to recovery in 2026

    December 15, 2025

    Court win for Engine Lease Finance against India’s Go First

    July 16, 2024

    Financial markets hurt by IT outage – but values of companies ‘at heart of issue’ have not plummeted | Business News

    July 19, 2024
    Most Popular

    Alphabet, Flutter Entertainment, DraftKings By Investing.com

    August 13, 2024

    WilmerHale Named Intellectual Property Firm of the Year by Chambers USA

    June 18, 2024

    Bitcoin Skeptic Peter Schiff Accidentally Makes a Pro-Bitcoin Argument

    August 6, 2024
    Editor's Picks

    Business news live: UK food inflation surges again and FTSE 100 results with Greggs facing ‘near-term hurdles’

    July 29, 2025

    S&P 500: Wall Street Sees Earnings Strength Outweighing Policy Risks in 2026

    December 24, 2025

    Baisse à 105.000€ sur fond de guerre au Moyen-Orient

    June 17, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.