Palm Acid Oil Sales

Palm Acid Oil Sales Market Outlook

The global Palm Acid Oil market is projected to reach approximately USD 6.3 billion by 2025, with a compound annual growth rate (CAGR) of about 5.8% during the forecast period from 2025 to 2035. The increasing demand for palm acid oil in various industries such as food and beverage, personal care, and animal nutrition is a significant contributor to this growth. Additionally, the rising trend towards sustainable sourcing and the expansion of biofuel production are factors propelling the market forward. As consumers become more environmentally conscious, there is a robust shift towards products that are derived from renewable resources, further enhancing the market dynamics. Furthermore, the growing livestock population and the need for high-quality animal feed are anticipated to boost the requirement for palm acid oil, leading to a favorable outlook for market stakeholders.

Growth Factor of the Market

The Palm Acid Oil market is experiencing steady growth, primarily driven by the increasing utilization of palm acid oil in the animal feed industry. With rising global meat consumption, the demand for nutrient-rich feed has surged, thereby amplifying the market for palm acid oil. Additionally, the growing popularity of oleochemicals as a sustainable alternative to petroleum-based chemicals has catalyzed the adoption of palm acid oil in various applications. Furthermore, the shift towards biofuel production is another pivotal growth factor, as governments worldwide push for greener energy solutions. Moreover, the versatility of palm acid oil in personal care products, especially in soaps and cosmetics, is propelling its use in the personal care sector. Significant investments in research and development aimed at improving extraction methods and product formulations are also expected to drive the market further, enhancing profitability for stakeholders.

Key Highlights of the Market

• The global Palm Acid Oil market is expected to grow at a CAGR of 5.8% from 2025 to 2035.
• Animal feed is the largest application segment, contributing significantly to overall market demand.
• Asia-Pacific is projected to hold the largest market share, driven by high palm oil production in the region.
• The refined palm acid oil segment is gaining traction due to its applications in high-value products.
• Increased government initiatives supporting renewable energy sources are boosting biofuel production using palm acid oil.

By Product Type

Crude Palm Acid Oil:

Crude Palm Acid Oil (CPAO) is the unrefined form of palm oil that is extracted from the pressing of palm fruit. It is rich in fatty acids, making it a vital ingredient in various industrial applications. The application of CPAO in animal feed is substantial, as it serves as an energy source and is enriched with essential fatty acids that promote healthy growth in livestock. Additionally, its utilization in the production of oleochemicals has been gaining ground due to the increasing preference for green alternatives to petroleum-based products. The segment is favored for its cost-effectiveness and ability to meet the nutritional requirements of animals, driving its demand in emerging economies where livestock farming is a primary source of livelihood. The intrinsic properties of CPAO, such as high oxidative stability, also make it suitable for various food applications, thus enhancing its marketability.

Refined Palm Acid Oil:

Refined Palm Acid Oil (RPAO) undergoes a rigorous refining process that removes impurities and enhances its quality, making it suitable for food applications and personal care products. RPAO is extensively used in soap manufacturing and cosmetic formulations due to its ability to produce high-quality, stable products. The increasing consumer inclination towards personal care items that feature natural and sustainable ingredients has augmented the demand for RPAO. Furthermore, its applications extend to the food industry where it is used as a cooking oil and in the preparation of processed food items. The health benefits associated with RPAO, such as being cholesterol-free and rich in vitamins, have contributed to its favorable perception among consumers, leading to a positive trajectory for this segment in the market.

Distilled Palm Acid Oil:

Distilled Palm Acid Oil (DPAO) is a refined product obtained through the distillation process, which enhances its purity and prolongs its shelf life. It is primarily utilized in the production of oleochemicals, serving as a feedstock for fatty acids and glycerin, which are essential components in various industrial applications. The growing demand for biodegradable products has spurred interest in DPAO, given its sustainable nature as a renewable resource. The segment is experiencing increased adoption in the formulation of surfactants and emulsifiers used in personal care and household products. Additionally, DPAO’s application in biofuels is being explored due to its potential in generating sustainable energy alternatives, aligning with global trends towards environmental sustainability.

Hydrogenated Palm Acid Oil:

Hydrogenated Palm Acid Oil (HPAO) is produced through the hydrogenation process, which alters the oil’s chemical structure, making it more stable and solid at room temperature. This property makes HPAO an ideal ingredient for the food industry, especially in products like margarine and shortening, where a certain texture is desired. The growing health consciousness among consumers has led to a rise in demand for hydrogenated oils, particularly those with improved nutritional profiles. Furthermore, HPAO is gaining traction in the confectionery industry where it is used in chocolate coatings and fillings, providing a desirable mouthfeel and texture. The emphasis on product quality and safety in edible oil applications is expected to boost the market for HPAO significantly in the coming years.

Fractionated Palm Acid Oil:

Fractionated Palm Acid Oil (FPAO) is derived from the fractionation of crude palm oil, which separates the oil into its various components based on their melting points. This offers a range of products with distinct properties, making them suitable for specialized applications. FPAO is widely utilized in the personal care industry, particularly in skincare formulations, due to its lightweight texture and emollient properties. Its ability to deliver moisture without clogging pores makes it a sought-after ingredient in cosmetic products. Additionally, FPAO finds applications in the food sector, specifically in products that require enhanced stability and shelf life. The growing trend towards natural and effective personal care solutions is expected to drive the demand for fractionated palm acid oil in the foreseeable future.

By Application

Animal Feed:

The application of palm acid oil in animal feed is a key driver of its market demand. With the increasing global population and the subsequent rise in meat consumption, the need for high-quality animal feed has become paramount. Palm acid oil is rich in energy and essential fatty acids, making it an ideal ingredient to enhance the nutritional profile of animal feed. Moreover, as livestock producers seek to improve feed efficiency and overall animal health, the incorporation of palm acid oil into feed formulations is witnessing significant growth. The segment is further bolstered by the rising awareness of the benefits of natural feed additives in promoting the health and growth of livestock, thereby enhancing productivity in the animal husbandry sector.

Soap Manufacturing:

Soap manufacturing is one of the prominent applications of palm acid oil, owing to its excellent lathering and moisturizing properties. The demand for natural and organic soaps has surged in recent years, driven by consumer preferences for sustainable and eco-friendly products. Palm acid oil serves as a key ingredient in both handmade and industrial-scale soap production, providing desirable qualities such as hardness and foam stability. Furthermore, its biodegradability aligns with the growing emphasis on environmental sustainability within the cosmetics and personal care sectors. As a result, manufacturers are increasingly incorporating palm acid oil into their formulations to meet consumer demands for quality and sustainability, thereby propelling the market forward.

Biofuel Production:

The use of palm acid oil in biofuel production is emerging as a significant application, primarily driven by the global push for renewable energy solutions. As countries strive to reduce their carbon footprint and reliance on fossil fuels, palm acid oil is being explored as a sustainable feedstock for biodiesel production. The favorable properties of palm acid oil, such as high energy content and low production costs, make it an attractive option for biofuel manufacturers. Additionally, government incentives and policies promoting the use of biofuels are further encouraging the adoption of palm acid oil in this sector. The growing awareness of environmental issues related to traditional fuels is expected to elevate the market for biofuels derived from palm acid oil significantly in the coming years.

Oleochemicals:

Oleochemicals, derived from natural fats and oils, are increasingly incorporating palm acid oil due to its versatile applications in various industries. The shift towards sustainable and renewable raw materials is driving the demand for oleochemicals produced from palm acid oil, which serves as a feedstock for the production of surfactants, emulsifiers, and fatty acids. Industries such as personal care, household cleaning, and food processing are leveraging the properties of palm acid oil to create biodegradable and environmentally friendly products. The oleochemical segment is experiencing substantial growth as companies seek to innovate and meet the rising consumer demand for eco-conscious alternatives, further enhancing the overall market potential.

By Distribution Channel

Direct Sales:

Direct sales channels play a pivotal role in the distribution of palm acid oil, allowing manufacturers to establish a direct connection with consumers and businesses alike. This approach enables producers to maintain control over pricing and product quality while fostering strong relationships with their customers. Many companies opt for direct sales to ensure transparency and reliability in their supply chain. Furthermore, the increasing trend of online purchasing has gained traction, where businesses can reach a broader audience through e-commerce platforms, enhancing their visibility in the market. Direct sales facilitate prompt delivery and customer feedback, which are essential for improving products and services in a competitive landscape.

Indirect Sales:

Indirect sales channels encompass a wide range of intermediaries, including distributors, wholesalers, and retailers, facilitating the wider distribution of palm acid oil. This method enables manufacturers to reach diverse markets and cater to varying consumer preferences while minimizing logistical challenges. The use of indirect sales channels is particularly beneficial for smaller producers who may not have the resources to establish a direct-to-consumer model. By collaborating with established distributors, manufacturers can leverage existing relationships and networks to enhance product availability and brand recognition. As the demand for palm acid oil continues to rise, indirect sales channels are expected to play a crucial role in ensuring that the product remains accessible to end-users across various industries.

By Use Industry

Food & Beverage:

The utilization of palm acid oil in the food and beverage industry is significant, especially as a cooking oil and ingredient in processed foods. Its high oxidative stability and desirable flavor profile make it suitable for various culinary applications. Moreover, as the industry adapts to changing consumer preferences towards healthier options, palm acid oil is being recognized for its nutritional benefits, including being cholesterol-free and rich in antioxidants. The growing trend of plant-based diets and the subsequent demand for natural ingredients in food products further bolster the use of palm acid oil. This segment is poised for growth as more manufacturers incorporate palm acid oil to meet consumer demands for quality and sustainability.

Personal Care:

In the personal care industry, palm acid oil is increasingly utilized in cosmetics, skincare, and haircare products due to its moisturizing and emollient properties. Its compatibility with various formulations makes it a preferred choice for manufacturers aiming to develop natural and effective personal care solutions. The rising consumer demand for organic and cruelty-free products is driving the adoption of palm acid oil, aligning with the trend towards sustainable beauty. Additionally, palm acid oil is used in the formulation of soaps, lotions, and creams, where it enhances product texture and stability. As the personal care sector evolves, the demand for palm acid oil is anticipated to rise, reflecting consumer preferences for high-quality and environmentally friendly products.

Animal Nutrition:

Animal nutrition is a critical industry segment leveraging the benefits of palm acid oil due to its rich nutritional profile. The increasing focus on improving livestock health and productivity drives the demand for high-quality ingredients in animal feed. Palm acid oil serves as an excellent source of energy and essential fatty acids that promote optimal growth and wellbeing in livestock. Furthermore, the rising global population and demand for protein sources underscore the need for effective animal nutrition solutions. As the livestock industry seeks to enhance feed efficiency while maintaining sustainability, the adoption of palm acid oil in animal nutrition formulations is expected to gain momentum, propelling market growth.

Industrial:

In the industrial sector, palm acid oil is gaining recognition as a sustainable feedstock for the production of oleochemicals used in various applications, including surfactants and lubricants. The shift towards biodegradable and environmentally friendly alternatives has led to an increased interest in palm acid oil as a renewable resource. Additionally, its properties make it suitable for manufacturing biodegradable plastics and cleaning agents, aligning well with the global push for sustainability. The industrial use of palm acid oil is anticipated to expand as companies increasingly prioritize eco-conscious production methods and seek to reduce their environmental impact, thereby enhancing the segment's growth potential.

By Region

The Asia-Pacific region is projected to dominate the Palm Acid Oil market, accounting for approximately 45% of the global market share by 2025. This dominance is primarily due to the extensive palm oil production in countries like Indonesia and Malaysia, which are the leading producers of palm oil globally. The rising demand for palm acid oil in various applications, particularly in food and animal feed, is further driving growth in this region. Moreover, the increasing consumer preference for sustainable and natural products is encouraging manufacturers to adopt palm acid oil in their formulations. The CAGR for the Asia-Pacific region is expected to be around 6.2%, underscoring its vital role in the global market landscape.

North America and Europe are also witnessing significant growth in the Palm Acid Oil market, fueled by the rising demand for natural and sustainable ingredients in food and personal care products. North America is expected to capture approximately 20% of the market share by 2025, driven by the growing trend towards plant-based diets and the incorporation of palm acid oil into biofuel production. Meanwhile, Europe, with its stringent regulations on sustainable sourcing, is expected to hold around 25% of the market share. The emphasis on using renewable resources in various industries is propelling the adoption of palm acid oil, ensuring steady growth in these regions. Collectively, the North American and European markets are expected to experience a CAGR of 5.5% during the forecast period.

Opportunities

The Palm Acid Oil market presents a myriad of opportunities, especially in the context of the growing biofuel sector. The global shift towards renewable energy sources has led to an increased interest in biodiesel production, where palm acid oil serves as a promising feedstock. With governments worldwide implementing stringent regulations to reduce carbon emissions, the demand for biofuels derived from sustainable sources like palm acid oil is expected to surge. Market players can capitalize on this trend by investing in research and development to explore innovative methods for converting palm acid oil into high-quality biodiesel. Additionally, partnerships with governments and industry stakeholders can enhance market penetration, ultimately positioning companies favorably in the biofuel segment.

Furthermore, the rising consumer awareness regarding sustainability and health is opening new avenues for palm acid oil in the personal care and cosmetics industry. As consumers increasingly prefer products that feature natural and renewable ingredients, manufacturers are compelled to reformulate their offerings to align with these preferences. This trend presents an opportunity for palm acid oil producers to establish collaborations with cosmetic companies, promoting the use of palm acid oil in skincare, haircare, and personal hygiene products. By focusing on quality and sustainability, producers can leverage the growing demand for eco-friendly personal care solutions, reinforcing their market presence and driving growth.

Threats

One of the significant threats to the Palm Acid Oil market is the increasing scrutiny and criticism associated with palm oil production, primarily due to deforestation and environmental degradation concerns. As global awareness of such issues rises, consumers and environmental organizations are advocating for sustainable sourcing practices, which can pose challenges for palm acid oil producers. Companies that fail to adopt sustainable practices may face backlash from consumers and potential regulatory measures, consequently impacting their market position. To mitigate this threat, stakeholders must actively engage in sustainable practices, ensuring traceability and transparency in their supply chains to address environmental concerns effectively.

Additionally, fluctuating prices of palm oil on global markets can be a significant restraining factor for the Palm Acid Oil industry. The volatility in raw material costs can affect profit margins and result in uncertainty for manufacturers relying on consistent pricing. Furthermore, the emergence of alternative oils and fats, such as soybean and canola oil, poses competition to palm acid oil, which may lead to a decline in market share if consumers shift preferences. To counteract these threats, companies need to innovate and differentiate their product offerings while emphasizing the advantages of palm acid oil, ensuring that they remain competitive in a changing market landscape.

Competitor Outlook

• Wilmar International Limited
• IOI Corporation Berhad
• Golden Agri-Resources Ltd.
• Musim Mas Holdings
• DAABON Group
• New Britain Palm Oil Limited
• First Resources Limited
• Plantation Industries Pte Ltd.
• Sime Darby Plantation Berhad
• Kuala Lumpur Kepong Berhad
• Asian Agri
• Sarawak Oil Palm Berhad
• Green Planet Group
• Felda Global Ventures Holdings Berhad
• Agrocorp International Pte Ltd.

The competitive landscape of the Palm Acid Oil market is characterized by a mix of established companies and emerging players striving to gain market share. The leading industry players, such as Wilmar International Limited and IOI Corporation Berhad, dominate the market through vertically integrated operations that encompass every stage of the supply chain, from cultivation to processing and distribution. These companies are focused on expanding their production capacities while enhancing their sustainability efforts to meet growing consumer demands for responsibly sourced palm oil products. Additionally, they are investing in technological advancements to improve extraction methods and product quality, positioning themselves as leaders in the market.

Another notable competitor, Golden Agri-Resources Ltd., is recognized for its commitment to sustainable practices and certification programs that ensure environmental protection. With a focus on innovation, they are actively exploring new applications for palm acid oil, particularly in the biofuel and oleochemical sectors. This approach not only helps in maintaining their competitive edge but also aligns with the global trend towards sustainability. Additionally, companies like Musim Mas Holdings and DAABON Group are leveraging their robust distribution networks to enhance market penetration, thereby contributing to the overall growth of the Palm Acid Oil market.

As the market evolves, smaller players are also emerging, offering niche products and catering to specific consumer preferences. For instance, companies emphasizing organic and sustainably sourced palm acid oil are attracting a growing segment of health-conscious consumers. These players often utilize direct sales channels to establish a closer connection with their customers, enabling them to build brand loyalty. As competitive dynamics shift, it is crucial for all stakeholders to remain agile and responsive to market trends, adapting their strategies to cater to the changing landscape of the Palm Acid Oil market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Asian Agri
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 DAABON Group
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Green Planet Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Musim Mas Holdings
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 IOI Corporation Berhad
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 First Resources Limited
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Sarawak Oil Palm Berhad
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Golden Agri-Resources Ltd.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Kuala Lumpur Kepong Berhad
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 New Britain Palm Oil Limited
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Sime Darby Plantation Berhad
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Wilmar International Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Plantation Industries Pte Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Agrocorp International Pte Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Felda Global Ventures Holdings Berhad
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Palm Acid Oil Sales Market, By Application
    • 6.1.1 Animal Feed
    • 6.1.2 Soap Manufacturing
    • 6.1.3 Biofuel Production
    • 6.1.4 Oleochemicals
    • 6.1.5 Others
  • 6.2 Palm Acid Oil Sales Market, By Product Type
    • 6.2.1 Crude Palm Acid Oil
    • 6.2.2 Refined Palm Acid Oil
    • 6.2.3 Distilled Palm Acid Oil
    • 6.2.4 Hydrogenated Palm Acid Oil
    • 6.2.5 Fractionated Palm Acid Oil
  • 6.3 Palm Acid Oil Sales Market, By Use Industry
    • 6.3.1 Food & Beverage
    • 6.3.2 Personal Care
    • 6.3.3 Animal Nutrition
    • 6.3.4 Industrial
    • 6.3.5 Others
  • 6.4 Palm Acid Oil Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Palm Acid Oil Sales Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Palm Acid Oil Sales market is categorized based on

By Product Type

• Crude Palm Acid Oil
• Refined Palm Acid Oil
• Distilled Palm Acid Oil
• Hydrogenated Palm Acid Oil
• Fractionated Palm Acid Oil

By Application

• Animal Feed
• Soap Manufacturing
• Biofuel Production
• Oleochemicals
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Use Industry

• Food & Beverage
• Personal Care
• Animal Nutrition
• Industrial
• Others

By Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

Key Players

• Wilmar International Limited
• IOI Corporation Berhad
• Golden Agri-Resources Ltd.
• Musim Mas Holdings
• DAABON Group
• New Britain Palm Oil Limited
• First Resources Limited
• Plantation Industries Pte Ltd.
• Sime Darby Plantation Berhad
• Kuala Lumpur Kepong Berhad
• Asian Agri
• Sarawak Oil Palm Berhad
• Green Planet Group
• Felda Global Ventures Holdings Berhad
• Agrocorp International Pte Ltd.