Agriculture & Plantations
From The Report: Malaysia 2016
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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 on green, sustainable growth, coupled with increasing mechanisation, boosting human resources and enhancing technological and scientific inputs and outputs. This chapter contains an interview with Pang Teck Wai, CEO, Palm Oil Industrial Cluster Sabah.

Articles from this Chapter

Overview

A modern field: New technology and techniques are being implemented to help grow the sector’s viability in a changing marketplace
OBG
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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 on green, sustainable growth, coupled with increasing mechanisation, boosting its human resources…

Interview

Opportunity knocks: OBG talks to Pang Teck Wai, CEO, Palm Oil Industrial Cluster (POIC) Sabah
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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 the lone exception. It is frontier technology – the risk is high, the investment substantial –…

Analysis

A brewing storm: Growing global demand for palm oil, coupled with diminished stockpiles, could lead to a spike in 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 weather event is leading to a diminution of supply, while global demand for palm oil continues…