Palm Oil Developments No.56 (June 2012) p33-37

Palm Oil Supply and Disappearance: A Quarterly Review

AHMAD BORHAN Ahmad Nordin, NORRAFIDAH Mohamad Rapiee

The palm oil industry has continued to be a significant driver of the Malaysian economy and has established as one of major players in the international oils and fats business. Export earnings from oil palm products recorded RM 80.4 billion in 2011, a substantial increase of 34.4% from RM 59.8 billion in the previous year due to better prices of palm products. The supply and demand of Malaysian palm oil products in 2011 had gone under tremendous pressure such as weather uncertainties, rising crude oil price that has led to high input prices, stiff competition from Indonesian palm oil due to restructuring of palm oil export tax, non-trade barrier in the form of environmental issues, global and regional economic situations among other reasons.

Keywords: , , ,

Author information: