Malaysian Palm Oil Board (MPOB)
The volatility of oils and fats prices is a significant feature of the oils and fats sector. With no exception for the prices of palm products, the upswing and downswing of their prices imply that there are different factors affecting the prices at different times of the year. In 2009, speculation over the low production […]
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.
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 […]
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 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 […]
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 […]