Malaysia Agriculture Sector Research Highlights

Economic News

Export tax freeze to support Malaysian palm oil industry
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Malaysia has introduced temporary measures aimed at boosting palm oil exports and reducing stockpiles amid a slump in commodity prices. On January 8 the government suspended export taxes on crude palm oil (CPO) for three months, a move Mah Siew Keong, the minister of plantation industries and commodities, described as a short-term, pre-emptive step to increase the product’s competitiveness in…

Economic News

Positive growth prospects for Malaysia’s agriculture sector
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Steady global demand for palm oil and improved weather conditions ending last year’s drought should help Malaysia’s agriculture sector recover from a decline in 2016, boosting returns for growers and processors and helping to ease inflation. In its annual report issued in late March, the Bank Negara Malaysia (BNM) – the country’s central bank – forecast the agriculture sector to expand…

Interview

Pang Teck Wai, CEO, Palm Oil Industrial Cluster (POIC) Sabah: Interview
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Interview:Pang Teck Wai What downstream advancements have taken place in palm oil over the past few years? PANG TECK WAI: Just three years ago the barriers to entry into the biochemicals industry were high, at a cost of $200m-300m. Even in the US and Europe, where technologies have evolved, there are hardly any major producers of biochemicals products, with perhaps M&G Chemicals in Italy…

Overview

Implementing new technology and techniques in Malaysia agriculture
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As the world’s second-largest palm oil producer after Indonesia, and a leading producer of natural rubber, Malaysia today also boasts increasingly sophisticated fruit and vegetable, rice, livestock and fisheries sectors. These building blocks are set to undergo some important changes in the years ahead, as the country seeks to implement the 11th Malaysia Plan (11MP). Under 11MP there is a strong…

Analysis

Global demand for palm oil could see a spike in Malaysian prices
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A global leader in palm oil, Malaysia produces a wide variety of products in addition to basic vegetable oil, ranging from pharmaceuticals to biofuels, biomass, cosmetics and soaps. Research and development (R&D) in the sector continues to turn out uses for the products of this versatile tree. However, in recent times a glut has led to increasing stockpiles and falling prices. Yet now, the El Niño…

Chapter

The Report: Malaysia 2016: Agriculture & Plantations
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As the world’s second-largest palm oil producer after Indonesia and a leading producer of natural rubber, Malaysia today also boasts increasingly sophisticated fruit and vegetable, rice, livestock and fisheries sectors. These building blocks are set to undergo some important changes in the years ahead, as the country seeks to implement the 11th Malaysia Plan (11MP). Under 11MP there is a strong focus…

Country Report

The Report: Malaysia 2016
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Despite criticisms that ASEAN is falling short of its lofty aspirations, its policy drive has had a notable impact on Malaysia’s trade and investment relationships in South-east Asia. As a net capital exporter and investor in its own right, the country has made significant inroads in neighboring Indonesia, Thailand, the Philippines and, most recently, Myanmar. This growth in cooperation points t

Economic News

Malaysia to reduce palm oil stocks
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According to Oxford Business Group, a national drive to reduce the oversupply of palm oil in Malaysia, the world’s second-largest producer, is expected to bring greater market stability, supported by government incentives and trade controls. Climbing stockpile According to data from the Malaysian Palm Oil Board (MPOB), palm oil stocks rose by 2.63m tonnes in September, up 5.46% over the previous…

Interview

OBG talks to Emir Mavani, Group President & CEO, Felda Global Ventures (FGV)
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Interview:Emir Mavani As many nations move to comply with greenhouse gas emissions targets, what is being done to promote Malaysian biodiesel? EMIR MAVANI: Two pressures will drive this. First, since 2011 the Malaysian government has required the staged introduction of B5 – petroleum diesel blended with 5% palm-oil biodiesel – with full implementation throughout Malaysia set to be completed…

Overview

A key contributor: Boosting efficiency is a major objective for the sector
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Making up two National Key Economic Areas (NKEAs) and responsible for around 7% of the country’s GDP, the agriculture and plantations sector continues to be a vital part of Malaysia’s economy – and a major magnet for both domestic and foreign investment. The sector is also a major employer, helping to tackle rural poverty and address urban drift. A significant contributor to export revenues,…

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Malaysia Agriculture Sector Research Highlights

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