Palm oil remains one of the significant sectors in Malaysia’s economy and has been a critical contributor to the country’s socio-economic development. In 2020, the sector’s contribution to the Malaysian gross domestic product (GDP) was estimated at 3.7% (as of Q3), and the overall export revenue at RM 72.77 billion. Palm oil provides direct and indirect employment to over 3 million Malaysians, out of which nearly 500,000 are smallholders.