Archive
2021
05 - 11 Apr 2021
Section 1: Price Direction
05 - 11 Apr 2021
Section 2 : Special Focus on the US
18 - 24 Oct 2021
Section 1: Oils & Fats Supply, Demand and Outlook
18 - 24 Oct 2021
Section 2: Opportunities for Palm Oil in Asian Market
2020
24 Feb - 01 Mar 2020
Section 1 : CPO Price Trend
24 Feb - 01 Mar 2020
Section 2: Global Palm Oil Market Opportunities
22 - 28 Jun 2020
POINTERS ON THE PRICE TRENDS
2019
2018
29 Jan - 04 Feb 2018
Section 1: CPO Price Trend
29 Jan - 04 Feb 2018
Section 2 : Global Palm Oil Market Focus
06 - 12 Aug 2018
Section 1: CPO Price Trend
06 - 12 Aug 2018
Section 2: Global Palm Oil Market Focus
2017
2016
22 - 29 Feb 2016
2016 Market Direction - Twists and Turns of Palm Oil Prices
22 - 28 Aug 2016
Section 1 : Palm Oil Price Fundamentals
22 - 28 Aug 2016
Section 2 : Trade Issues and Market Prospects
2015
2014
2013
2012
2011
2010
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POINTERS
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Section 1: Oils & Fats Supply, Demand and Outlook:
Global Oils and Fats Outlook and CPO Price Trend Amidst Current Uncertainties
Dato' Dr. Hj. Wan Zawawi Wan Ismail

Dato’ Dr. Wan Zawawi bin Wan Ismail is currently the Chief Executive Officer of Malaysian Palm Oil Council. Prior to this, he was the General Manager for Kelantan Utilities Mubarakan Sdn Bhd in 2020. He had held many positions in Kelantan State Economic Development Corporation before he became the Group CEO of the organization in 2014. Dato’ Wan also currently serves as the Director for Amanah Ikhtiar Malaysia Sdn Bhd and PMBK Sawit Sdn Bhd and is on the Board of Trustees for Yayasan Darul Naim.

In 2016, he was awarded with Darjah Kebesaran Kelantan which carries the title Dato’. He has also received the Certificate of Excellence from Ministry of Education in 2010 and Master Trainer Certificate in 2009.

Dato’ Wan Zawawi Wan Ismail has a PhD Extension Education (Community Resource Development) which he received from University Putra Malaysia in 2017. He also has a Master’s degree in Human Resource Management which he completed in 2001 from the same university.

Dato’ Wan is a result driven CEO with over 10 years of experience in leading and enhancing growth and revenue in a number of different corporations in various industries. His main objective has been facilitating change and human capital development in ensuring optimum performance of the organization.

VIEW PROFILE
Review of the global oils and fats and economic performance of 2021 reveals that this year has been challenging both for the producers and consumers around the world. The Covid-19 pandemic has led to a shift in consumption patterns of oils and fats but there are signs of optimism amidst the challenge. With most of the countries coming out of strict lockdowns, the prices of major commodities staged a comeback and it was also reflected in the rise in palm oil prices which started the year at RM3,700/MT and rose to above RM4,500 in May and the price has remained stable since.

Throughout the first three quarters of 2021, the global economy has staged a slow recovery despite the ongoing Covid-19 pandemic. The oils and fats industry reacted positively as the economic activities resumed in major consuming countries as seen in the heightened export activities of many countries. This continuous recovery both in the global economy and oils and fats prices will likely hold firm at least until the end of 2021. Demand for all types of oils & fats demand is set to resume especially for palm oil which is seen as the most competitively priced vegetable oil in the market.

Production growth is expected to be modest and will again be led by palm oil. Malaysia and Indonesia who contribute to 85% of the global palm oil production will be the focus of the international oils and fats trade. With 30% of the global oils and fats production coming from Malaysia and Indonesia, the role played by both countries is vital in forecasting palm oil price.

Based on the above factors, we will analyse issues impacting palm oil price so far in 2021 and take into account the influence of the other competing oils. Demand for palm oil is expected to remain upbeat and combined with our regional analysis on the demand and supply scenarios we will aggregate the global level to forecast the price in 2021.
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