Palm Oil Supply and Disappearance: A Quarterly Review

The 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.

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China: Oils and Fats Scenario

China is the world’s most populous country with a population of over 1.3 billion. China consumed more than 32 million tonnes of oils and fats but produced only 22.8 million tonnes of oils and fats. The huge differences between production and consumption can only be met by imports. The country is now one of the […]

Development of Oleochemicals in China

The oleochemical industry in China has grown rapidly in the last few years. The growth was attributed to the growing demand of the oleochemical derivatives by the many industries in China. The main driving force for this growth is the increase in disposable income of the population and the strong economic growth in China for […]