The Palm Oil

Oil palm, Elaeis guineensis, was introduced to Malaya in 1870 from West Africa. This hardy crop starts bearing fruit within 2 1/2 to 3 years and keeps bearing fruit for up to 25 years, making it the longest yielding crop in the world.

The fleshy outer layer produces crude palm oil and the seed yields palm kernel oil.

Palm oil is used in a variety of industries from the commercial manufacturing of food and beauty products to the manufacturing of non-food products.

Sunday, November 14, 2010

Performance of Malaysian Palm Oil Industry on October 2010

SEPTEMBER(r) OCTOBER(p) DIFFERENCE
QUANTITY (%)
PRODUCTION (Tonnes)

CRUDE PALM OIL



P. Malaysia
866,790

895,859

29,069

3.35
Sabah

472,983


507,820


34,837




7.37


Sarawak


223,139


232,881


9,742


4.37
Total
1,562,912

1,636,560

73,648

4.71
PALM KERNEL

395,455

407,378

11,923

3.02
CRUDE PALM KERNEL OIL

167,121

206,933

39,812

23.82
PALM KERNEL CAKE
184,964

229,573

44,609


24.12
STOCK (Tonnes)
CRUDE PALM OIL


P. Malaysia 456,441 472,303 15,862 3.48
Sabah 325,364 351,796 26,432 8.12
Sarawak 147,420 144,166 (3,254) (2.21)
Total 929,225 968,265 39,040 4.20
PROCESSED PALM OIL



P. Malaysia 382,949 437,299 54,350 14.19
Sabah 303,246 305,394 2,148 0.71
Sarawak 94,493 81,882 (12,611) (13.35)
 Total 780,688 824,575 43,887 5.62
TOTAL PALM OIL



P. Malaysia 839,390 909,602 70,212 8.36
Sabah 628,610 657,190 28,580 4.55
Sarawak 241,913 226,048 (15,865) (6.56)
 Total 1,709,913 1,792,840 82,927 4.85
PALM KERNEL 156,286 118,784 (37,502) (24.00)
CRUDE PALM KERNEL OIL 137,204 154,209 17,005 12.39
PROCESSED PALM KERNEL OIL  108,956 124,797 15,841 14.54
TOTAL PALM KERNEL OIL 246,160 279,006 32,846 13.34
PALM KERNEL CAKE 226,248 232,290 6,042 2.67
EXPORT
PALM OIL 1,469,005 1,460,241 (8,764) (0.60)
PALM KERNEL OIL 114,503 88,962 (25,540) (22.31)
PALM KERNEL CAKE 252,749 257,612 4,863 1.92
OLEOCHEMICAL 171,950 177,450 5,500 3.20
BIODIESEL 10,011 0 (10,011) (100.00)
IMPORT (TONNES)(q) Import
CRUDE PALM OIL 85,526 62,476 (23,050) (26.95)
PROCESSED PALM OIL 0 7,819 7,819 0.00
PALM OIL 85,526 70,295 (15,231) (17.81)
TOTAL PALM KERNEL OIL 36,156 30,878 (5,278) (14.60)
PRICE (1% OER) (Local Ex-Mill) )
FFB (AVERAGE RM/TONNE) 29.38 31.44 2.06 7.01




Explanatory Notes:
(p) Preliminary
(q) The import and export figures are based on information extracted from Customs No. 1 and 2 (Rev. 8/89) received up to 10.00 a.m., 10 November 2010. The export date refers to that as authorised by the Customs Department.
(r) The figures for the month of September 2010 are revised by taking into account corrections made by the licensees and from late receipt of Customs No. 1 and 2 (Rev. 8/89) after 11 October 2010.
(s) It refers to the total physical amount of crude and processed palm oil kept at the premises of mills, refineries, bulking installations, and oleochemical plants as at 31 October 2010.



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