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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


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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
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POINTERS
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Section 1: Oils & Fats Supply, Demand and Outlook:
Malaysian Palm Oil Supply and Demand Updates for 2021
Dr. Ahmad Parveez Bin Ghulam Kadir

Dr. Ahmad Parveez is currently the Director General of Malaysian Palm Oil Board (MPOB), effective 10th August 2019. He was appointed as Fellow of Academy Science Malaysia in 2016 and Member of National Biosafety Board (2020 – 2022). He sits on various other Boards; Board of Trustee of Malaysian Palm Oil Council (MPOC, 2020 -2022), Board of Trustee of Malaysian Palm Oil Certification Council (MPOCC, 2019 - 2021) and Board of Trustee of Institute of Malaysian Plantation and Commodities (IMPAC). Dr. Ahmad Parveez was previously the Chairman of Genetic Modification Advisory Committee under the National Biosafety Board (GMAC, 2010 – 2018). He is also very active in various professional societies including as the President of International Society for Oil Palm Breeders (ISOPB) and Chairperson for the Asian Section of American Oil Chemists’ Society (AOCS).

Dr. Ahmad Parveez was born in Taiping, Perak and obtained his secondary education at Sekolah Menengah King Edward VII, Taiping. He graduated with Bachelor of Science (UKM) in Genetics, Master of Science (UKM) in Molecular Genetics and a PhD (UPM) in Plant Genetic Engineering. He has 32 years of experience in Plant Molecular Biology, Genetic Engineering and Biosafety. He developed world first transgenic oil palm in 1997. His interest is in genetic modification of oil palm, biosafety of living modified organisms and oil palm sustainability.

He has obtained a number of prestigious awards both locally and internationally. He has 17 patents filed and six of them have been granted. He has authored and co-authored more than 80 papers in refereed journals and more than 250 conference papers.

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The Malaysian oil palm industry experienced mixed performance during Jan-July 2021 as compared to that of in 2020. During the reference period, the industry experienced slowdown in CPO production. The CPO production declined by 8.9% to 9.89 million tonnes as against 10.86 million tonnes in Jan-July 2020. This was primarily due to low yielding period of oil palm, aggravated by COVID-19 pandemic. The prolonged closure of national border so as to curb the spread of the COVID-19 has affected the labour situation in the oil palm plantation sector. The low production has limited the capacity of the country to export palm oil and other palm-based products despite stable demand from importing countries. Exports of palm oil was down by 11.5% to 8.48 million tonnes from 9.58 million tonnes in the corresponding period in 2020. The tight supply of palm oil has put pressure on palm oil stocks in the country. In the period of Jan-July 2021, monthly closing stocks of palm oil declined between 12%-25% vis-à-vis Jan-July 2020. Meanwhile, palm oil stocks in July 2021 closed at 1.50 million tonnes, lower by 11.9% from 1.70 million tonnes recorded in July 2020. This situation has helped prices of palm oil and other palm-based products to soar to the highest level in the palm oil history. During the period, CPO price was traded higher by 66.3% or RM1,623.50 to RM4,072.00/tonne as against RM2,448.50/tonne in the same period in 2020. Despite the lower export volume, the higher prices of palm oil and other palm-based products has influenced total export revenue of palm oil and other palm-based products in Jan-June 2021 to surge by 38.5% to RM45.75 billion from RM33.03 billion in Jan-June 2020. This paper will further provide the details of the performance of the Malaysian oil palm industry for the first eight months of 2021, as well as the expected development for the remaining 2021.
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