Oil palm economic performance in Malaysia and RD progress in 2019

Meilina Ong-Abdullah, . and Mohd Noor Izuddin Zanal Bidin, . and Zafarizal Aldrin Azizul Hasan, . and Shamala Sundram, . and Ghulam Kadir Ahmad Parveez, . and Zainab Idris, . and Kamalrudin Mohamed Salleh, . and Elina Hishamuddin, . and Soh Kheang Loh, . Oil palm economic performance in Malaysia and RD progress in 2019. pp. 159-190. ISSN 1511-2780

Despite the uptrend recorded for crude palm oil (CPO) production yields and exports in general and an improved overall performance in the last quarter of 2019 the low export price for most part of the year could not steer the industry away from a decline (4) in the total export revenue. Sustainable endeavours continue to dominate the palm oil research scene and rightfully so especially when the industry is faced with multi-dimensional challenges. With land expansion being marginal the importance of good agricultural practice and soil health cannot be relegated as a means towards narrowing yield gaps aside from improving the oil palms genetic potential. The industrys pursuit for circular economy has also led to the adoption of key technologies at every level of the process value chain with zero waste as the ultimate goal. Apart from driving sustainability the industry has also doubled its efforts in ensuring that palm oil is safe. It is evident that the natural properties of the palm oil make it a healthier and versatile choice for food and its derivatives respectively. However its processing methods though need further scrutiny and transformation to allay concerns of its safety. Moving towards a greener and cleaner future environment-centric policies have helped accelerate the adoption of bio-based materials fuelling palm oils divergence further into the chemical and energy sectors. To advance the industrys commitment towards sustainability the Malaysian Sustainable Palm Oil (MSPO) certification was made mandatory embedded as a national policy. With it becoming effective from 1 January 2020 it is anticipated that demand for certified sustainable palm oil (CSPO) will soar and for those who heed the content of the MSPO will come to realise that sustainability lies beyond forests. In general 2019 was indeed a challenging year for the palm oil industry as a whole however this could be deemed a blessing in disguise as the industry has not only risen to the occasion but has proven to be a force to be reckoned with.

Full text available from: Official URL: http://jopr.mpob.gov.my/wp-content/uploads/2020/06...

Abstract

Despite the uptrend recorded for crude palm oil (CPO) production yields and exports in general and an improved overall performance in the last quarter of 2019 the low export price for most part of the year could not steer the industry away from a decline (4) in the total export revenue. Sustainable endeavours continue to dominate the palm oil research scene and rightfully so especially when the industry is faced with multi-dimensional challenges. With land expansion being marginal the importance of good agricultural practice and soil health cannot be relegated as a means towards narrowing yield gaps aside from improving the oil palms genetic potential. The industrys pursuit for circular economy has also led to the adoption of key technologies at every level of the process value chain with zero waste as the ultimate goal. Apart from driving sustainability the industry has also doubled its efforts in ensuring that palm oil is safe. It is evident that the natural properties of the palm oil make it a healthier and versatile choice for food and its derivatives respectively. However its processing methods though need further scrutiny and transformation to allay concerns of its safety. Moving towards a greener and cleaner future environment-centric policies have helped accelerate the adoption of bio-based materials fuelling palm oils divergence further into the chemical and energy sectors. To advance the industrys commitment towards sustainability the Malaysian Sustainable Palm Oil (MSPO) certification was made mandatory embedded as a national policy. With it becoming effective from 1 January 2020 it is anticipated that demand for certified sustainable palm oil (CSPO) will soar and for those who heed the content of the MSPO will come to realise that sustainability lies beyond forests. In general 2019 was indeed a challenging year for the palm oil industry as a whole however this could be deemed a blessing in disguise as the industry has not only risen to the occasion but has proven to be a force to be reckoned with.

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Item Type:	Article
AGROVOC Term:	Palm oils
AGROVOC Term:	Oil palms
AGROVOC Term:	Research and development
AGROVOC Term:	Biomass
AGROVOC Term:	Bioenergy
AGROVOC Term:	Plantation crops
AGROVOC Term:	Distribution
AGROVOC Term:	Exports
AGROVOC Term:	Imports
AGROVOC Term:	Palm kernel oil
Depositing User:	Mr. AFANDI ABDUL MALEK
Last Modified:	24 Apr 2025 00:54
URI:	http://webagris.upm.edu.my/id/eprint/9179

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