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Prospects For Second Half Of 2013 - Managing Price Fluctuations:
The Importance of Labour in the Supply and Demand of Palm Oil in Malaysia
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Datuk Dr. Choo Yuen May
Datuk Dr Choo Yuen May is the Director-General of the Malaysian Palm Oil Board (MPOB). She oversees and directs programmes that keep the oil palm industry at the forefront of science and foster economic growth and innovation. She has leveraged on her renowned research and leadership position to take stewardship of six and a half of the 8 entry project points (EPP) for oil palm under the Economic Transformation Program launched recently by the Prime Minister.
Datuk Choo is recognized internationally for her pioneering work in the field of palm biodiesel [normal grade palm biodiesel (pour point + 15°C and winter grade palm biodiesel (pour point – 21°C)]. The principal focus of her current research is the development of novel, efficient and green processes for the palm-based industry. These include the Production and evaluation of palm biofuel including first and second generation biofuel and palm aviation fuel and Production of palm phytonutrients. She also works closely on Sustainability and Climate Change, in particular Life Cycle Assessment of Oil Palm and Products.
Datuk Choo has been elected as a Fellow of the Academy of Sciences Malaysia, Fellow of the Malaysian Oil Scientists and Technologies Association, Fellow of the Malaysian Institute of Chemistry and Fellow of the Malaysian Scientific Association. She has authored and co-authored more than 600 scholarly articles, and 50 patents of which 29 have been granted and 21 pending. Several of the patents have been successfully commercialized, the most significant being the biodiesel technologies. Other technologies are those related to extraction of carotenoids, vitamin E and sterols, production of red palm oil and manufacture of palm-based industry solvents and degreaser
Datuk Choo has been honoured with more than 126 international and national awards, the most prestigious of which include. The Knight of the International Order of Merit of Inventors awarded by International Federation of Inventors Association ( IFIA ), Most Outstanding Malaysian Women Award in conjunction with the International Women’s Day Celebration 2011, WIPO ( World Intellectual Property Organization ) Gold Medal for Best Women Inventions 1994 and 2003 and Anugerah Karya Inovasi Saintis awarded by the Ministry of Plantation Industries and Commodities.
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The Malaysian oil palm industry plays an important role in the agricultural development of the country and contributes significantly to the country’s Gross Domestic Product (GDP), foreign exchange and creation of employment opportunities. On average, the industry contributes 5% to 7% of GDP and for the last five years the industry has contributed on average about RM65.3 billion per year to export revenue. Increase in palm oil production and strong palm oil demand coupled with firmer prices contributed to the increase in the export revenue. In 2012, oil palm planted area was 5.08 million hectares, an increase of 1.5% or 76,820 hectares compared to the previous year. In the Malaysian oil palm plantation sector, job opportunities were created since the sector is highly dependent on manual labour. However, low involvement of the locals (due to 3D perception - dangerous, dirty and difficult) provided avenues for foreign workers to work in the plantation sectors. In 2012, it was estimated that there were 435,763 workforce in oil palm plantation sector. Out of the total, 334,075 or 76.66% were foreigners. Foreign workers were employed mainly in high labour demand operations such as harvesting, field work and other general works. These days, the main issue in oil palm plantation sector is labour shortage problem especially for fresh fruit bunch harvesting and collection. Efforts have been done by the Government to reduce the labour shortage problem. One of the solutions is to encourage estate owners to mechanize their operations.
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Prospects For Second Half Of 2013 - Managing Price Fluctuations |
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Archives |
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MITIGATING THE NEXT WAVE OF MARKET UNCERTAINTIES Nov 14, '22 ~ Nov 18, '22 |
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ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS Mar 28, '22 ~ Apr 01, '22 |
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Section 2: Opportunities for Palm Oil in Asian Market Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Oils & Fats Supply, Demand and Outlook Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Price Direction Apr 05, '21 ~ Apr 11, '21 |
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Section 2 : Special Focus on the US Apr 05, '21 ~ Apr 11, '21 |
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POINTERS ON THE PRICE TRENDS Jun 22, '20 ~ Jun 28, '20 |
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Section 1 : CPO Price Trend Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Global Palm Oil Market Opportunities Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Special Focus Aug 19, '19 ~ Aug 25, '19 |
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Section 1 : CPO Price Trend Aug 19, '19 ~ Aug 25, '19 |
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Special Focus - India Feb 25, '19 ~ Feb 24, '19 |
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Section 1: CPO Price Trend Feb 18, '19 ~ Feb 24, '19 |
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Section 2: Global Palm Oil Market Focus Aug 06, '18 ~ Aug 12, '18 |
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Section 1: CPO Price Trend Aug 06, '18 ~ Aug 12, '18 |
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Section 2 : Global Palm Oil Market Focus Jan 29, '18 ~ Feb 04, '18 |
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Section 1: CPO Price Trend Jan 29, '18 ~ Feb 04, '18 |
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Section 2: Regional Focus : CIS Countries Aug 21, '17 ~ Aug 27, '17 |
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Section 1: Palm Oil Price Fundamentals Aug 21, '17 ~ Aug 27, '17 |
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Section 2: Market Challenges and Opportunities Feb 20, '17 ~ Feb 26, '17 |
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Section 1: Price Directions Feb 20, '17 ~ Feb 26, '17 |
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Section 1 : Palm Oil Price Fundamentals Aug 22, '16 ~ Aug 28, '16 |
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Section 2 : Trade Issues and Market Prospects Aug 22, '16 ~ Aug 28, '16 |
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2016 Market Direction - Twists and Turns of Palm Oil Prices Feb 22, '16 ~ Feb 29, '16 |
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Second Half 2015 - Anticipating Market Price Direction Aug 17, '15 ~ Aug 23, '15 |
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Special Focus: Indian Sub-Continent Aug 17, '15 ~ Aug 23, '15 |
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Opportunities, Challenges And Trend In 2015 CPO Price Feb 23, '15 ~ Mar 01, '15 |
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2nd Half 2014: Market Challenges, Predictions And Directions Aug 25, '14 ~ Aug 31, '14 |
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Anticipating 2014 Palm Oil Price Direction Feb 17, '14 ~ Feb 24, '14 |
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Prospects For Second Half Of 2013 - Managing Price Fluctuations Jul 22, '13 ~ Jul 29, '13 |
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Mapping The Palm Oil Price - 2013 Market Perspective Feb 18, '13 ~ Feb 27, '13 |
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Palm Oil : Challenges, Opportunities And Latest Market Directions Aug 06, '12 ~ Aug 17, '12 |
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2012 Price Direction, Issues & Challenges Feb 13, '12 ~ Feb 20, '12 |
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Challenges, Opportunities And Latest Price Trend Aug 08, '11 ~ Aug 16, '11 |
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Challenges, Opportunities And Price Direction Feb 07, '11 ~ Feb 17, '11 |
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2010 Year End Prospects - What Lies Ahead? Aug 02, '10 ~ Aug 08, '10 |
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