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Section 1: Price Directions:
Outlook on Malaysian Palm Oil Industry Performance and Market Share in 2017
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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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Prolonged dry and hot weather conditions, coupled with below average rainfall brought about by the El-Nino phenomenon during the second half of 2015 and continued into the first half of 2016 had impacted the Malaysian palm oil industry performance in 2016. The year 2016 saw crude palm oil (CPO) production declining by double-digit or 13.2% to 17.32 million tonnes as against 19.96 million tonnes produced in 2015. The decrease was due to lower FFB processed, down by 12.0% arising from lower FFB yield, which declined by 13.9% and also lower oil extraction rate (OER), down by 1.4% to 20.18%. The decline in production resulted in lower palm oil closing stocks, which subsequently pushed up palm oil prices. Average CPO price in 2016 was higher by 23.2%, reaching RM2,653.00/tonne. High palm oil prices had negatively influenced exports to major markets as the discount of CPO to soyabean oil narrowed. Palm oil off-take declined by 8.1% to 16.05 million tonnes as compared to 2015 due to lower demand, especially from India, China, the EU and USA. Total exports of oil palm products declined by 8.2% to 23.29 million tonnes in 2016, down from 25.37 million tonnes exported in 2015. Nevertheless, higher palm oil prices also helped to increase the export revenue by 7.3% to RM64.58 billion from RM60.17 billion in 2015. Palm oil export revenue increased by 5.1% to RM43.37 billion as against RM41.26 billion in 2015. Total export revenue increased by 7.3% to RM64.58 billion compared to the RM60.17 billion achieved in 2015. This paper will provide an overview of the Malaysian palm oil industry in 2016, covering oil palm planted area, production, exports, imports, closing stocks and the prices of palm oil products as well as the expected performance of the industry and its market share in 2017.
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Section 1: Price Directions |
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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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