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Second Half 2015 - Anticipating Market Price Direction:
Malaysian Oil Palm Industry Performance - First Half 2015
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The Malaysian oil palm industry has witnessed tremendous growth in the last few decades. Today, oil palm plantings has reached 5.5 million hectares occupying close to 70% of Malaysia’s agriculture land. In 2014, CPO production reached 19.7 million tonnes, while exports of oil palm products was recorded at 25.1 million tonnes with an export value of RM63.6 billion. The first half of 2015, however, have been very challenging for the Malaysian oil palm industry. Heavy rainfalls and flash floods at the end of 2014 and early 2015 had severely affected production, especially in the first quarter of 2015. Despite the lower production, high carry-over stocks coupled with high imports and low export demand had pushed palm oil stocks to above 2 million tonnes at the end of June 2015. Weaker vegetable oils prices and lower Brent crude oil price put a toll on Crude Palm Oil price thereby, affecting export revenue. This paper will provide an overview of the performance of the Malaysian oil palm industry for the first half of 2015 vis-à-vis the first half of 2014, covering oil palm planted area, productivity, exports, imports, stocks and the prices of oil palm products, as well as the expected development for the second half of 2015.
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Second Half 2015 - Anticipating Market Price Direction |
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Archives |
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MITIGATING THE NEXT WAVE OF MARKET UNCERTAINTIES Nov 14, '22 ~ Nov 18, '22 |
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ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS Mar 28, '22 ~ Apr 01, '22 |
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Section 2: Opportunities for Palm Oil in Asian Market Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Oils & Fats Supply, Demand and Outlook Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Price Direction Apr 05, '21 ~ Apr 11, '21 |
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Section 2 : Special Focus on the US Apr 05, '21 ~ Apr 11, '21 |
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POINTERS ON THE PRICE TRENDS Jun 22, '20 ~ Jun 28, '20 |
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Section 1 : CPO Price Trend Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Global Palm Oil Market Opportunities Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Special Focus Aug 19, '19 ~ Aug 25, '19 |
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Section 1 : CPO Price Trend Aug 19, '19 ~ Aug 25, '19 |
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Special Focus - India Feb 25, '19 ~ Feb 24, '19 |
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Section 1: CPO Price Trend Feb 18, '19 ~ Feb 24, '19 |
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Section 2: Global Palm Oil Market Focus Aug 06, '18 ~ Aug 12, '18 |
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Section 1: CPO Price Trend Aug 06, '18 ~ Aug 12, '18 |
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Section 2 : Global Palm Oil Market Focus Jan 29, '18 ~ Feb 04, '18 |
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Section 1: CPO Price Trend Jan 29, '18 ~ Feb 04, '18 |
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Section 2: Regional Focus : CIS Countries Aug 21, '17 ~ Aug 27, '17 |
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Section 1: Palm Oil Price Fundamentals Aug 21, '17 ~ Aug 27, '17 |
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Section 2: Market Challenges and Opportunities Feb 20, '17 ~ Feb 26, '17 |
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Section 1: Price Directions Feb 20, '17 ~ Feb 26, '17 |
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Section 1 : Palm Oil Price Fundamentals Aug 22, '16 ~ Aug 28, '16 |
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Section 2 : Trade Issues and Market Prospects Aug 22, '16 ~ Aug 28, '16 |
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2016 Market Direction - Twists and Turns of Palm Oil Prices Feb 22, '16 ~ Feb 29, '16 |
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Second Half 2015 - Anticipating Market Price Direction Aug 17, '15 ~ Aug 23, '15 |
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Special Focus: Indian Sub-Continent Aug 17, '15 ~ Aug 23, '15 |
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Opportunities, Challenges And Trend In 2015 CPO Price Feb 23, '15 ~ Mar 01, '15 |
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2nd Half 2014: Market Challenges, Predictions And Directions Aug 25, '14 ~ Aug 31, '14 |
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Anticipating 2014 Palm Oil Price Direction Feb 17, '14 ~ Feb 24, '14 |
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Prospects For Second Half Of 2013 - Managing Price Fluctuations Jul 22, '13 ~ Jul 29, '13 |
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Mapping The Palm Oil Price - 2013 Market Perspective Feb 18, '13 ~ Feb 27, '13 |
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Palm Oil : Challenges, Opportunities And Latest Market Directions Aug 06, '12 ~ Aug 17, '12 |
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2012 Price Direction, Issues & Challenges Feb 13, '12 ~ Feb 20, '12 |
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Challenges, Opportunities And Latest Price Trend Aug 08, '11 ~ Aug 16, '11 |
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Challenges, Opportunities And Price Direction Feb 07, '11 ~ Feb 17, '11 |
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2010 Year End Prospects - What Lies Ahead? Aug 02, '10 ~ Aug 08, '10 |
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Dear En Jaafar, En Ayat forecasted that CPO exports for 2015 to be 4.72Mn T, marginal increase of 0.4% against 4.70 Mn T recorded in 2014. while exports of PPO at 13.08 Mn T against 12.61 Mn T or an increase of 3.7%. The increase in CPO exports is due to expectation of Malaysian CPO export duty to remain at 0% for most months in SH2015; and impact from Indonesia's new CPO export levy.
8 years ago
En Jaafar, the breakdown of PO exports is as follows: FH2015 (CPO 2.15MnT PPO 5.68Mn T) FH 2014 (CPO 1.76Mn T PPO 6.37 MnT) Exports of PKO FH 2015 ( CPKO 138,331T, PPKO 366,614T) FH 2014 (CPKO 130,227T, PPKO 369,986T)
8 years ago
The increase in palm oil and palm kernel oil imports were to supplement the lower palm oil and palm kernel oil production and to cater to the demands from the local processing sectors. Imports of palm oil: FH 2015 ( CPO 283,116T, PPO 181,490T) FH 2014 (CPO 33,777T, PPO 110,554T) Imports of PKO: FH 2015 (CPKO 138,068T, PPKO 15,640T) FH2014 (CPKO 34,200T, PPKO 19,696T)
8 years ago
Uploaded on behalf of Ms. Norihan Binti Husain. Dear Mr Kazmi, Thank you for your question. Labour is one of the key contributors to productivity. Malaysia has always faced labour shortage especially in the oil palm plantation sector. As rightly pointed out by you, shortage of labour has affected harvesting which has an impact on FFB yield as well as OER. The labour problem faced by Malaysia is year-round, whereas the excessive rainfalls is specific to a certain period.
8 years ago
Uploaded on behalf of Ms. Norihan Binti Husain. Dear Mr Mohamad Raid, Among the reasons for the lower FFB yield in Peninsular Malaysia compared to Sabah is due to the high percentage of oil palms in Peninsular Malaysia from second generation plantings. Coupled with that, the more acute labour shortage problem in Peninsular Malaysia has contributed to the lower FFB yield and OER. Apart from that, heavy rainfalls could also affect the FFB yield and OER. I wish I have some statistics on FFB yield in Indonesia to share with you, but unfortunately I don’t
8 years ago
You are most welcome
8 years ago