Malaysian Palm Oil Board (MPOB)
The Central Asian Region (CAR) consists of five republics in the core region of the Asian continent, which stretches from the Caspian Sea in the west, to China in the east and from Afghanistan in the South to Russia in the north. Sometimes the area is also referred to as Middle Asia. The republics are […]
In the season of October/September 2013/2014 world exports of palm oil showed a sharp decline of 1.2 million tonnes from a year earlier to 42.8 million tonnes. This was quite unusual and followed with an uninterrupted year-to-year increases in the past 15 seasons with an average annual growth of 2.2 million tonnes. One of the […]
Red Palm Fruit Oil comes from oil palms that are traditionally grown in tropical regions of West Africa and are now cultivated on a large-scale in Southeast Asia. Malaysia is one of the world leaders in exports of palm oil. It is a traditional oil used for more than 5000 years in African countries. Crude […]
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 […]
The palm oil industry has continued to be a significant contributor to the Malaysian economy and has been one of the major players in the global oils and fats market. Export earnings from oil palm products recorded RM 71.4 billion in 2012, a sizeable decrease of 11.2% from RM 80.4 billion in the previous year […]
The oils and fats sector has always exhibited a very common feature of volatility. This is true of the palm products for which the upswing and downswing of their prices imply that there are different factors affecting them at different times of the year. In 2009, speculations on the low production of palm oil in […]
The palm oil industry has been a significant driver to the Malaysian economic development and has established itself in the international oils and fats business. Export earnings from oil palm products reached RM 59.77 billion in 2010, an increase of 20.4% from RM 49.66 billion recorded in the previous year.
Agriculture is an integral part of the African economy. For example, in South Africa, the most developed African country, besides the presence of huge mining and industrial sectors in the country, the agricultural sector plays an important role in the economy. The agricultural sector contributes up to 8% of the Gross Domestic Products (GDP) of […]
The oils and fats sector has been bullish for the past few years. The sector enjoyed continuous surging prices since 2006 until the middle of 2008. Analysts related this scenario to the movements of fossil fuel price in the world market which recorded a similar trend. The surge in fossil fuel prices is mainly due […]
Prices of oils and fats have been fluctuating in the past, with ups and downs in the global market. Figure 1 shows that they had been accelerating upward since 2006 up until June 2008 after which they plummeted towards end of the year. The uptrend movements were closely affected by the petroleum price which had […]