The palm oil industry has continued to be a significant contributor to the Malaysian economy and has been one of the major players in the global oils and fats market. Export earnings from oil palm products recorded RM 71.4 billion in 2012, a sizeable decrease of 11.2% from RM 80.4 billion in the previous year due to lower prices of palm products. The supply and demand of Malaysian palm oil products in 2012 had gone through various pressures in terms of weather uncertainties, stiff competition from Indonesian palm oil due to restructuring of the palm oil export tax, non-trade barriers in the form of environmental issues, global and regional economic situations, and a few others.
Keywords: MPOB PUBLICATIONS, MARKET DEVELOPMENT, PALM OIL, PRODUCTION STATISTICS, DEMAND, SUPPLY
* Malaysian Palm Oil Board (MPOB),
6 Persiaran Institusi, Bandar Baru Bangi,
43000 Kajang, Selangor, Malaysia.