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Section 1: CPO Price Trend:
Malaysia's Palm Oil Supply and Demand Updates for 2018
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Datuk Dr Ahmad Kushairi Din
Dr Ahmad Kushairi Din is the Director-General of the Malaysian Palm Oil Board (MPOB). He graduated with a B.Agric.Sc, two Msc and PhD in quantitative genetics. Dr. Kushairi specializes in oil palm breeding and genetics, where together with his team of breeders, bred 13 new varities, and prospected oil palm germplasm in Africa and South America.
He authored and co-authored 270 publications. He is well connected with the scientific community and the oil palm industry both locally and abroad. He sits as a Board of Directors in Ministries and companies, member of national committees, active in professional societies and President of The International Society for Oil Palm Breeders (ISOPB). Dr. Kushairi had served MPOB and the oil palm industry for nearly four decades since 1979.
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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.
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The Malaysian oil palm industry showed a sterling performance in 2017. Crude palm oil (CPO) production witnessed a significant increase following recovery from the impact of the El-Nino phenomenon a year earlier. In relation to global demand, higher palm oil prices and improved export demand in 2017 helped push export earnings. The first half of 2018, however, showed a mixed performance of the Malaysian oil palm industry. CPO production and export demand increased, while imports declined as compared to the corresponding period of 2017. On the other hand, high carry-over stocks coupled with equally high production had pushed palm oil stocks to above 2 million tonnes during the first half of 2018. Weaker vegetable oil prices had put a toll on CPO price thereby, affecting export revenue. This paper will provide an overview of the performance of the Malaysian oil palm industry for the first half of 2018 vis-à-vis the first half of 2017, covering oil palm planted area, productivity, exports, imports, closing stocks and the prices of oil palm products, as well as the expected development for the second half of 2018.
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Section 1: CPO Price Trend |
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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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Biodiesel programme is a green agenda for the country. The whole world is also going after green development for sustainable development depending on a country’s resources. To preserve the environment by reducing air pollution or greenhouse gasses (GHG) emission in transportation sector, the Government has introduced the biodiesel programme, which is built on the strength of abundant raw materials; i.e. palm oil in Malaysia. The subsidy for biodiesel provided by the Government is similar to the renewable energy (RE) fund of 1.6% surcharge on all electricity bills for implementing the Feed-in-tariff Mechanism enabling electricity generated from renewable resources, such as solar power. The current subsidy of fuel is a general subsidy that enjoyed by all petrol and diesel fuels users. Biodiesel being a part of fuel mixed will thus be subsidized like diesel when Government decided to subsidize fuel. In fact, the subsidy for diesel and petrol is much higher as compared to the biodiesel. It is important to note that the fuel subsidy is finally given back to the tax payers when the fuel is purchased at petrol kiosks.
6 years ago
Imports of palm kernel were mainly sourced from Indonesia (more than 70%), while the rest came from Thailand and Cambodia.
6 years ago
The 2.5 folds increase was due to higher palm kernel demand from kernel crushers for crushing activities, which amounted to 2.38 million tonnes or up by 9.7% during the first half 2018.
6 years ago
The 2018 closing stocks forecast of 1.99 Mn T was not derived based on domestic disappearance and imports of palm oil, as we believed that the two do not represent the major portion of the Malaysian palm supply-demand balance. Instead, the forecast is based on the assumption that the CPO production for the second of 2018 would be lower than the initial expectation. In addition, the forecast also takes into consideration the expectation of higher export of palm oil, especially on CPO driven by the expectation of zero CPO export duty in several months of the second half 2018 due to lower palm oil price in the market place.
6 years ago
Despite the higher effective import duty imposed on palm oil products (CPO -48.4% & PPO -59.4%), exports of palm oil to India increased significantly by 24.3% during the first six (6) months of 2018. This was partly due to the implementation of Malaysia’s CPO export duty suspension during January-April 2018, which saw higher exports of CPO (0.98 million tonnes) to India. Another contributing factor was low intake of soyabean oil from Argentina, down by 49.0% to 291,000 tonnes during Q1 of 2018 from 571,000 tonnes during Q1 of 2017.
6 years ago
Malaysia has been very careful in all decision making, especially on the national programme like biodiesel implementation. Recently, the Ministry of Primary Industries (MPI) together with MPOB have had few consultation meetings with stakeholders, chaired by YB Minister of MPI and had received various feedbacks from stakeholders. The Government is aware of the Indonesian B20 programme and will be realigned with all stakeholders before firming up date of decision on B10 implementation. It is just a matter of timing to implement B10 at the most appropriate time. At the same time, MPI and MPOB hope that the oil palm industry can support the B10 programme as it helps to support the palm oil prices. The plantations, millers and refiners are encouraged to use B10 in your own estates or company’s vehicles to show support and problem-free operation of using B10. This will help to boost the confident of B10 for the general consumers at large.
6 years ago
During the first half 2018, exports of both palm-based oleochemicals and biodiesel showed upward trend, with their exports amounted to 1.48 million tonnes (up by 17.6%) and 0.20 million tonnes (up by 51.6%) compared to first half 2017. As for the biodiesel, the exports were largely from Pasir Gudang Port.
6 years ago
Malaysia emphasises more on processed palm oil export. On average, exports of CPO consist only about 15- 20% of total palm oil export and it can go up to 35% in months where CPO export duty is 0%. Based on Jan-June 2018 figures, exports of CPO from Peninsula Malaysia accounted for 37% while the rest came from Sabah and Sarawak. CPO is mostly used for value addition by palm-based downstream industries which are mostly located in Peninsular Malaysia. Palm-based downstream industry in Sarawak is still in development stage. This is because only starting in 2013, Sarawak has emerged as the 2nd largest of CPO producing state in Malaysia, arising from more new oil palm planting area have begun to produce FFB. In line with these developments, the processing capacity of the palm oil refinery in Sarawak has increased from 2.93 million tonnes in 2013 to 3.12 million tonnes in 2017. On the local delivered CPO price difference between the three regions, CPO price in Sarawak is relatively lower than that in Peninsula Malaysia, but higher than that of Sabah. The price is not formed or set by MPOB, instead it was based on prices reported by the industry to MPOB.
6 years ago
The outlook for 2nd Half 2018 was explained in the report (Malaysian’s Palm Oil Supply & Demand Updates – Page 9 – 10).
6 years ago