Malaysia launches system to ease transactional data management along palm oil supply chain

KUALA LUMPUR (Reuters) – Malaysia, the world’s second-largest producer of palm oil, on Wednesday launched a system to facilitate management of transactional data along the supply chain of the commodity.

Prime Minister Anwar Ibrahim said the Sawit Intelligent Management System (SIMS) aimed to “promote self-regulation, reduce government oversight and provide… decision-making insights,” without providing further details.

Anwar said the government has also proposed greater cooperation between the major palm oil industry players and smallholders to raise productivity.

(Reporting by Rozanna Latiff; Editing by Kanupriya Kapoor)