Archive
2022
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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ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS:
Malaysian Palm Oil Industry Outlook and Performance
Datuk Dr. Ahmad Parveez Hj. Ghulam Kadir

Datuk Dr. Ahmad Parveez is currently the Director General of Malaysian Palm Oil Board (MPOB). He was appointed as Fellow of Academy Science Malaysia in 2016 and Member of National Biosafety Board (2018 – 2022). In July 2021, he was appointed as a Member of the Science Council of Malaysian Agricultural Research & Development Institute (MARDI). He sits on various other Boards; Board of Trustee of Malaysian Palm Oil Council (MPOC, 2019 -2022), Board of Trustee of Malaysian Palm Oil Certification Council (MPOCC, 2019 - 2023) and Board of Trustee of Institute of Malaysian Plantation and Commodities (IMPAC). Datuk Dr. Ahmad Parveez was previously the Chairman of Genetic Modification Advisory Committee under the National Biosafety Board (GMAC, 2010 – 2018). Recently, Datuk Dr. Ahmad Parveez was appointed as an Adjunct Professor in the Department of Biological and Agricultural Engineering, Faculty of Engineering, University Putra Malaysia (UPM). He is also very active in various professional societies including as the President of International Society for Oil Palm Breeders (ISOPB), Chairperson for the Asian Section of American Oil Chemists’ Society (AOCS) and Board Member of The International Society of Biocatalysis and Agricultural Biotechnology (ISBAB).

Datuk 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 almost 100 papers in refereed journals and more than 250 conference papers.

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The Malaysian palm oil industry experienced mixed performance in 2021. CPO production declined by 5.3% to 18.12 million tonnes as against 19.14 million tonnes in 2020. The slowdown in CPO production has limited the capacity of the country to export palm oil and other palm-based products despite stable demand from importing countries. Subsequently, exports of palm oil down by 10.5% to 15.57 million tonnes from 17.39 million tonnes in 2020. This supply-demand disparity has caused palm oil stocks in the first seven months of 2021 to be lower as compared to the corresponding period in 2020. However, the improvement in CPO production in the fourth quarter of 2021 has witnessed the closing stocks for December 2021 stood higher by 26.8% to 1.61 million tonnes vis-à-vis 1.27 million tonnes in December 2020. The low supply situation arising from the low CPO production in 2021, coupled with other contributing factors have led the CPO price in 2021 to reach the highest record in the palm oil history. Oil palm products were traded higher in 2021 as against 2020 with local CPO price increased by 64.1% to RM4,407.00 per tonne as compared to RM2,685.50 per tonne in 2020. The record high prices have also influenced total export revenue to reach the highest level despite lower exports. Total export revenue of palm products increased by 48.0% to RM108.52 billion from RM73.33 billion in 2020. With the improved Malaysian palm oil industry performance especially towards the end of 2021, the year 2022 is expected to bring a brighter prospect for the Malaysian palm oil industry primarily driven by the expected stable palm oil prices and better palm oil production and demand to keep the high export revenue for the palm oil industry in 2022.
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