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Section 1 : Palm Oil Price Fundamentals:
Malaysia's Palm Oil Supply and Demand Balance for 1st Half 2016 & Outlook
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By: Mr. N. Balu
CAREER HISTORY:
• 33 years of experience in the palm oil industry – in the area of Market Intelligence/Research, Market Promotion & Market Development; Designing and Executing Counter-Trade / Offset Deals and Palm Oil Credit Payments Arrangement (POCPA)
• Malaysian Trade Negotiator for Bilateral, Regional, Plurilateral and Multilateral FTAs & WTO Trade Negotiations (Focussing on Commodities) : Trade in Goods/Market Access, Rules of Origin and Trade Facilitation.
• Former Newspaper Editor with the New Straits Times (in charge of Beriteks)
• Former Economics Research Officer with the Consumer Association of Penang (CAP)
• Chairman of Global Economics and Marketing Conference, PIPOC 2015 & 2017
• Chairman of Palm Oil Economic Review & Outlook Seminar, 2016 & 2017
• Chairman of Palm Industry Labour: Issues, Performance & Sustainability (PILIPS), 2016
• Chairman of Roundtable on Oils & Fats Global Situation, Palm Oil Familiarization Programme, POFP 2016
• Presenter of Seminar Papers at International Conferences
EDUCATION & PROFESSIONAL QUALIFICATIONS:
• Certificate in Middle Management, CBI, Rotterdam, Holland.
• Bachelor of Social Science (Hons in Economics & Management), USM, Penang.
• Graduate Diploma with Distinction (Business Studies), RMIT University, Melbourne, Australia.
• Master in Business Management (International Marketing), RMIT University, Melbourne, Australia.
• Certified Practising Marketer (CPM), AMI, Australia.
• Fellow of the Australian Marketing Institute, Australia.
• Management Representative (Services) and Lead Internal Auditor for ISO 9001:2008, MPOB
MEMBERSHIP:
• Malaysian National Shipping Council (MNSC Treasurer)
• Committee Member for Commodities Customs Classification, Royal Malaysian Customs Department.
VIEW PROFILE
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The first half of 2016 has been a very challenging period for the Malaysian oil palm industry due to palm oil supply shortage driven by the El-Nino event, decline in Malaysian palm oil up-take by major palm oil importing countries and weak Brent crude oil prices in the world market. Between Jan-June 2016, the industry was faced with lower palm oil production as crude palm oil (CPO) production declined by 16.1% to register at 7.59 Mn T as against 9.05 Mn T recorded in the corresponding period of 2015. The decrease in production was arising mainly from the lower fresh fruit bunch (FFB) yield performance due to the prolonged impact of the El-Nino event, which started in the second quarter of 2015 and continued up until the second quarter of 2016. Imports of palm oil also showed a significant decline, especially that of CPO. This was largely caused by the introduction of the Indonesian CPO export levy of US$50/tonne, which translated into higher importing cost by Malaysian importers of Indonesian CPO. The lower CPO production and palm oil imports in the first half of 2016 was caused lower palm oil stock levels, which registered 1.78 Mn T in June 2016 as compared to 2.31 Mn T in Jan 2016. On the demand perspective, exports of Malaysian palm oil declined by 7.2% to 7.29 million tonnes as against 7.86 million tonnes. This was primarily due to the decline in palm oil exports to the major markets, such as China, P.R. (-52.3%), India (-9.6%) and EU (-13.9%), arising from higher imports of soyabean, rapeseed and Indonesian palm oil. This paper will provide an overview of the performance of the Malaysian oil palm industry for the first half of 2016 vis-à-vis the first half of 2015, covering CPO production, imports, stocks, exports, local consumption and prices, as well as the anticipated prospect for the second half of 2016.
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Section 1 : Palm Oil Price Fundamentals |
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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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