Oil palm economic performance in Malaysia and R&D progress in 2022

Ghulam Kadir Ahmad Parveez and Omar Abd Rasid and Mohd Najib Ahmad and Humaira Mat Taib and Mohd Azwan Mohd Bakri and Sitti Rahma Abdul Hafid and Tuan Noor Maznee Tuan Ismail and Loh, Soh Kheang and Meilina Ong Abdullah and Kalsom Zakaria and Zainab Idris (2023) Oil palm economic performance in Malaysia and R&D progress in 2022. Journal of Oil Palm Research (Malaysia), 35. pp. 193-216. ISSN 2811-4701

The oil palm industry saw a marginal improvement in crude palm oil production in 2022 from 18.12 (2021) to 18.45 million tonnes and overall export volume by 1.8% to 24.72 million tonnes. Export value reached a new record high of RM137.89 billion due to extraordinary hike in palm oil prices. Despite this, upstream efforts remained technologically-driven in maximising oil yield per hectare, managing nutrient cycle, soil fertility, pests and diseases and ecological services. Particularly, planting materials were improved by widening the oil palm gene pool. The unrelenting labour shortage issue intensified adoption of sensor- and vision-based mechanisation technologies for fruit bunches harvesting. In the biomass and bioenergy context, synergistically interfacing supply chains to address logistic issues was key to broader adoption. Integrating engineered nanomaterial, diversely-orientated carbon layering and specialty chemicals from biowastes/byproducts into current palm oil processing not only could ensure that the industry continues to play an important role in the global value chain for food, feed, fibre, fuel and chemicals but also portray multiple industrial symbiosis approaches. Similarly, intensifying businesses and performance of oleo-based industries, such as bio-lubricants, and nutritional research for quality and contamination monitoring, are prioritised in the in the interest of achieving circular economy.

Full text available from: Official URL: http://jopr.mpob.gov.my/wp-content/uploads/2023/06...

Abstract

The oil palm industry saw a marginal improvement in crude palm oil production in 2022 from 18.12 (2021) to 18.45 million tonnes and overall export volume by 1.8% to 24.72 million tonnes. Export value reached a new record high of RM137.89 billion due to extraordinary hike in palm oil prices. Despite this, upstream efforts remained technologically-driven in maximising oil yield per hectare, managing nutrient cycle, soil fertility, pests and diseases and ecological services. Particularly, planting materials were improved by widening the oil palm gene pool. The unrelenting labour shortage issue intensified adoption of sensor- and vision-based mechanisation technologies for fruit bunches harvesting. In the biomass and bioenergy context, synergistically interfacing supply chains to address logistic issues was key to broader adoption. Integrating engineered nanomaterial, diversely-orientated carbon layering and specialty chemicals from biowastes/byproducts into current palm oil processing not only could ensure that the industry continues to play an important role in the global value chain for food, feed, fibre, fuel and chemicals but also portray multiple industrial symbiosis approaches. Similarly, intensifying businesses and performance of oleo-based industries, such as bio-lubricants, and nutritional research for quality and contamination monitoring, are prioritised in the in the interest of achieving circular economy.

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Item Type:	Article
AGROVOC Term:	oil palm > oil palm Prefer using Elaeis guineensisElaeis guineensis
AGROVOC Term:	Elaeis guineensis
AGROVOC Term:	economic development
AGROVOC Term:	research and development > research and development Prefer using researchresearch
AGROVOC Term:	economic analysis
AGROVOC Term:	production data
AGROVOC Term:	plantations
AGROVOC Term:	government agencies
AGROVOC Term:	value added
AGROVOC Term:	sustainability
Geographical Term:	Malaysia
Depositing User:	Nor Hasnita Abdul Samat
Date Deposited:	27 Aug 2024 15:48
Last Modified:	27 Aug 2024 15:48
URI:	http://webagris.upm.edu.my/id/eprint/970

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