Plantation and commodities minister Noraini Ahmad said an official used cooking oil (UCO) benchmark will improve market transparency, guide fair trading, and support a more sustainable palm oil market.
Indian national Sarvesh Suri moves into the Singapore-based role, replacing Riccardo Puliti, who has moved to Dubai to run IFC's Middle East and Central Asia division.
The initiative supports the federal government’s plans to modernise public transport, lower carbon emissions and advance greener mobility efforts at the state level.