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POINTERS 2014 MPOC
Palm Oil Internet Seminar
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2010 Year End Prospects - What Lies Ahead?:
Global Oils and Fats Market Outlook and Updates 2010
By: Tan Sri Datuk Dr. Yusof Basiron

TAN SRI DATUK DR. YUSOF BIN BASIRON aged 66, a Malaysian. He is presently holding several important positions which include: i. Chief Executive Officer of Malaysian Palm Oil Council (MPOC) ii. Director of Sime Darby Berhad iii. Chairman and Director of CBIP Berhad Apart from holding distinguished corporate positions, he is also involved in other organizations which are: (i) Senior Fellow and Past President of Academy Sciences Malaysia (ASM) (ii) Fellow member of Malaysia Scientific Association (MSA) (iii) Fellow member of Malaysian Oil Scientists' and Technologists' Association (MOSTA) (iv) Fellow member of the Incorporated Society of Planters His notable academic achievements are as follows: i. In 1972, he obtained his Bachelor in Chemical Engineering Degree from the University of Canterbury, New Zealand; ii. In 1974, he obtained his Post-Graduate Degree in Rubber Technology (ANCRT) in the United Kingdom; and iii. In 1976, he obtained his Masters Degree in Engineering specializing in Industrial Management (M.E.) and also in Business Administration (MBA) from the Catholic University of Leuven in Belgium. Before he joined Palm Oil Research Institute of Malaysia (PORIM) in 1979, he held the position of Rubber Technologist/Techno-Economist with the Rubber Research Institute (RRI)/Malaysian Rubber Research Development Board (MRRDB). In 1986, he completed his doctorate with a PhD in Applied Economics and Management Science from the University of Stirling, Scotland. He was later appointed as the Director-General of PORIM in 1992. He held the position for 8 years until April 2000 before assuming the role of the Director-General of Malaysia Palm Oil Board (MPOB), an organization which existed as a result of a PORIM and Palm Oil Registration and Licensing Authority (PORLA) merger, from 1 May 2000 until 18 January 2006.
VIEW PROFILE
In recent years, we have seen growing interest among palm oil industry players in economic forecasting. Yet questions appeared when industry players were asked concerning supply and demand of global oils and fats.



In response to mounting worldwide interest in economic forecasting, we have decided to take the challenge to construct a very distinctive economic modeling initiative with deeper analysis on “price outlook” aspect of palm oil supply and demand.



The contribution of CPO by palm oil producers regions (i.e. Malaysia & Indonesia) to the total production of vegetable oils in the world has increased considerably in the past several years. Similarly, the contributions of other vegetable oils producers around the world are also equally important.



In view of publication reasons, we feel that it would be too numerous to include all the global oil producers so our objective for now is to focus on net exporters and importers of vegetable oils regions (i.e. China, India & Americas) in which directly influences the total global supply and demand of oils and fats. However, for the benefit of the readers we shall sum up all the global oils and fats regions on the last section of this paper.


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