Palm Oil Supply and Disappearance: A Quarterly Review
AHMAD BORHAN Ahmad Nordin, NORRAFIDAH Mohamad RapieeThe palm oil industry has continued to be a significant driver of the Malaysian economy and has established as one of major players in the international oils and fats business. Export earnings from oil palm products recorded RM 80.4 billion in 2011, a substantial increase of 34.4% from RM 59.8 billion in the previous year due to better prices of palm products. The supply and demand of Malaysian palm oil products in 2011 had gone under tremendous pressure such as weather uncertainties, rising crude oil price that has led to high input prices, stiff competition from Indonesian palm oil due to restructuring of palm oil export tax, non-trade barrier in the form of environmental issues, global and regional economic situations among other reasons.
Keywords: OIL PALM INDUSTRY-Malaysia, PALM OIL, DEMAND, SUPPLY
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