Malaysian Palm Oil Board (MPOB)
The palm oil industry has been a significant driver in the economic development of Malaysia and has established itself in the international oil and fats business. The Malaysian palm oil industry has gained strength each year to promote its growth to a new level. In 2008, the industry recorded export earnings of oil palm products […]
The oils and fats were characterized by the volatility of their prices which had moved in large magnitudes on the upswing and downswing within the short period of a year. While following the momentum of the swing, they were affected by several factors, among which were petroleum price and their use in biodiesel production. The […]
The palm oil industry has been a significant driver of the Malaysian economy. Accentuated by high crude palm oil (CPO) price, growth in export earnings had strengthened to a new record high at RM 65.2 billion in 2008 from RM 45.1 billion in the previous year. But from the supply side, the national average fresh […]
The prices of oils and fats were generally bullish from 2001 to 2004. However, except for cottonseed oil, they turned bearish in 2005. Price recovery in some of them is expected in 2006, as indicated by their higher prices in the first three-quarters of the year. Prices of olein, stearin and soyabean oil are expected […]
There was an increase of 6.1% in the Malaysian production of palm oil from 14.962 million tonnes in 2005 to 15.881 million tonnes in 2006 (Table 1). This was a smaller growth than 2005 over 2004, of 7.1%, suggesting that the palms were in a slower production in their cycle.
Prices of most oils and fats were generally bullish during the period of 2001 to 2004. They moved in tandem, forming a general up trend during the period. However, they were bearish the following year, then recovered in 2006. But this was not the case with cottonseed oil where price independently followed a different pattern […]
This report analyses the performances of prices of selected oils and fats, namely, RBD palm olein, soyabean oil, cottonseed oil, lauric oils (palm kernel oil and coconut oil), RBD palm stearin and tallow in the past few years and their prospects in 2005. Based on their performances from 2000 to 2004, the prices of the […]
Malaysian palm oil production increased from 11.355 million tonnes in 2003 to 13.976 million tonnes in 2004, i.e. by 4.65% (Table 1). This was a small increase compared to that of 2002 of 12.14% due to the palms being stressed after four years of high production. The lower increase in production was also due to […]
The prices of oils and fats generally move in tandem with each another. This is evident from Figure 1 which shows their movements from 2002 to 2005. Due to their similarities in end-uses and characteristics, some of them are close substitutes and their prices become competitive with one another. Tough competition occurred in 2002 when […]
Total production of palm oil by Malaysia in the first 10 months of 2004 was 11.402 million tonnes which was an increase of 234 582 t, or 2.1%, over the production of the same period of the previous year (Table 1). When traced on a monthly basis, production in the first two months of 2004 […]