Overview of Industry 2011
The Malaysian oil palm industry has shown stellar performance with record highs in key performance indicators, namely price of palm oil products, crude palm oil production, imports, exports volume as well as revenue. Average annual price of palm oil for the year breached the RM3,000 mark to register at RM3,219, while export revenue of palm products reached a record high of RM80.4 billion, an increase of 34.5% against RM59.8 billion achieved in 2010.