POINTERS: Palm Oil - Leveraging its Availability to Meet Future Demand

By: Mr. Ramli Abdullah

Ramli Abdullah started his career as a Statistical Officer at the Department of Statistics Malaysia, then joining PORIM/MPOB as a Research Officer. He was later promoted to Principal Research Officer to head the Techno-Economic Research Unit of MPOB. He is currently the Director of the Economic and Industry Development Division of MPOB. He had a vast experience in research and written a number of papers and made presentations at local conferences, such as Kuala Lumpur Commodities Exchange (KLCE) Workshops, Palm Oil Congress (POC), PORIM International Palm Oil Congress or PIPOC Conferences and MPOB Economic Review and Outlook Seminar. At the international level, his presentations included those at the International Oils and Oilseeds Conference (IOOC), China and technical seminars in Karachi, Pakistan, in Dhaka, Bangladesh and in Vietnam. He holds a Diploma in Statistics from UiTM, Bachelor of Science degree in Business Administration and Master of Arts from United States of America.

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It has become a known fact that palm oil is presently the most dominant oil among other oils and fats as it dominated in the past the global production, consumption, and trading sectors of the oils and fats. Palm oil will continue its domination in the future from 2015 to 2020 since it will continue to uphold its significant contributing factors such as highest productivity, price competitiveness, and techno-economic advantages over the others. Malaysia and Indonesia will continue to be the main producers and are expected to produce about 53.48 and 69.47 Mn T in 2015 and 2020 respectively. As world population is expected to increase, hence, total consumption of oils and fats will probably increase too. In this respect, China, India, United States, Indonesia, Brazil, Pakistan, Bangladesh, Nigeria, Russia and Japan will be the top ten countries with the largest population in the world. They are expected to consume higher oils and fats, especially palm oil in the future. The increase in total consumption of oils and fats will be partly due to the continuous intake of palm oil. Subsequently, palm oil will continue to be the major oil to feed the world

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Questions & Answers (2) :

A.K.M. Fakhrul Alam

8 years ago

Dear Mr. Ramli Abdullah Thanks for an informative presentation. As gathered from media reports, yearend deluge, the worst flood after 1972 that hit 3 east coast states of Peninsula Malaysia may cause lower yield of palm oil in the months to come. Do you thank that would have any negative impact on total production of 20.09 million tonnes of palm oil in Malaysia in 2015, as forecast in your slide? Appreciate your comment.

:
The expected prodn in 2015 of 20.09 million tonnes had taken into consideration the effect of floods at end of 2014 and the spill over effect in early January 2015. The weather is expected to be normal towards the end of 2015. The prodn is expected to increase due to the increase in matured area.
8 years ago

A.K.M. Fakhrul Alam:
Dear Mr. Ramli Abdullah, Thank you for the reply and explanation
8 years ago

Mohamad Raid Majzoub

8 years ago

Dear Mr. Ramli Abdullah, Thank you for the presentation, could you please give a view on the others Palm Oil Producing Countries beside Malaysia and Indonesia between 2015 and 2020, would you think we are going to see a third major supplier in the world by year 2020 or 2025?

A.K.M. Fakhrul Alam:
Dear Mr Mohamad Raid. Thank you for raising the question to me. At least by raising it, I realized the errors on slide no 20. The errors are as below (highlighted in red ) (ii) World PO Prodn by 2020 = 79.10 and its growth= 4.37% (iii) The annual growth of World O&F Prodn = 2.39% (v) Share of (i) from (ii) in 2020= 87.83% (vi) Share of (ii) from (iii) in 2020= 32.86%
8 years ago

A.K.M. Fakhrul Alam:
With regards to other palm oil producers in 2020, they are (including Malaysia and Indonesia) listed below in Mn T:
8 years ago

A.K.M. Fakhrul Alam:
Malaysia =22.16, Indonesia = 47.31, Thailand = 2.07, Colombia = 1.29, Nigeria = 1.07, Papua New Guinea = 0.56, Ecuador = 0.55, Honduros = 0.48, Cote d’Ivoire = 0.47, Costa Rica = 0.23, Brazil= 0.37, Venezuela = 0.05, Guatemala=0.5, others=1.99, Total=79.10
8 years ago

Mohamad Raid Majzoub:
Dear Mr. Ramli Abdullah, Thank you.
8 years ago