Opportunities, Challenges And Trend In 2015 CPO Price:
Palm Oil - Leveraging its Availability to Meet Future Demand
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.
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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