Photo Credit: theedgemarkets.com
KUALA LUMPUR (Jan 5): Total Malaysian palm oil production is expected to increase slightly by 200,000 tonnes to 19.6 million tonnes in 2021, versus 19.4 million tonnes a year ago, according to the Malaysian Palm Oil Council (MPOC).
However, this also means that the projected Malaysian palm oil production still fell short of 19.8 million tonnes in 2019.
Going into 2021, MPOC chief executive officer Datuk Dr. Kalyana Sundram, in a virtual conference at the Palm Oil Trade Fair and Seminar 2021 today, said the palm oil global supply is expected to be affected by the La Nina weather pattern.
Meanwhile, Malaysia’s crude palm oil (CPO) export is estimated to be at 4.5 million tonnes, of which India, the Netherlands, Kenya, Italy, and Spain are among the major markets.
“Malaysian CPO export to India in 2021 is likely to stay strong as the current levy on Indonesian CPO export will give a price advantage to Malaysia,” said Kalyana, noting that this is despite the re-imposition of Malaysian CPO export duty from January 2021.
Note that imports to India rose significantly from June onward after the zero CPO export tax from Malaysia, which in turn helped support CPO prices in the second half of last year.
However, palm oil export from China — which also saw strong demand last year — will be challenged due to lower and prices of other oils versus palm oil, said Kalyana.
Credit: theedgemarkets.com | Wong Ee Lin; Surin Murugiah
KUALA LUMPUR (Nov 26): Malaysia’s palm oil export value to the global market would be affected if Malaysia no longer exports the commodity and other palm-based products to the European Union (EU) as the region is the country’s second-largest palm oil market after China, said the Ministry of Plantation Industries and Commodities (KPPK).
Minister Datuk Dr. Mohd Khairuddin Aman Razali said the country’s export of palm oil to the EU amounted to 2.8 million tonnes.
“Out of this total, the export value of palm oil and palm-based products to the EU in the first nine months of this year amounted to RM8.5 billion compared with RM8 billion in the same period in 2019,” he said during his winding up debate on the Supply Bill 2021 in the Dewan Rakyat today.
However, Mohd Khairuddin said the government was always striving to increase the export value of palm oil and palm-based products by exploring new markets which are net importers of oils and fats.
“The market demand for palm oil was encouraging over the past few years.
“The new markets are Central Asia — Uzbekistan, Kazakhstan, Turkmenistan, and Kyrgystan; Europe — Bosnia and Herzegovina, Croatia, Romania, and Montenegro; Africa — Mauritania, Congo, Madagascar, and Kenya; the Middle East and West Asia — Algeria, Morocco, Yemen, and Libya; and America — Haiti, Jamaica, and the Caribbean,” he said.
In a related development, Mohd Khairuddin said the Ministry of Finance (MoF) through Budget 2021 had announced an allocation of RM20 million to address the anti-palm oil campaign.
“KPPK believes the lower allocation is in line with cost savings from the overseas mission and physical engagement sessions which could not be undertaken due to the Covid-19 global pandemic.
“Towards that end, the ministry will continue to carry out promotional efforts to increase the marketability of palm products virtually and through government-to-government cooperation.
“I am confident that with the allocation, we will be able to implement an advocacy strategy that is capable of addressing the concerns expressed,” he said.
Article credit: https://www.theedgemarkets.com/author/Bernama
She said the industry needs to tackle the interlinked sustainability challenges, particularly relating to environmental, climate change and social issues.
“In order to do that, it will require leadership and I urge the Malaysian government, which has enormous muscle power, to get into this in a big way as it did when it chose palm oil (to be one of the income generators to the economy),” she said during the International Palm Oil Sustainability Conference 2020 (IPOSC 2020) virtual question and answer (Q&A) session today.
Among the challenges she highlighted is the European Union’s (EU) decision to phase out palm oil in transport fuels from 2030, the reduction in biodiversity and the threat of extinction of rare species.
Tsakok, who was one of the panellists during the two-hour Q&A session, noted that the industry should find solutions to increase fresh fruit bunches (FFB) production, despite the climate change that lowers the FFB and other agricultural yields, and address the alleged labour rights violation and land grabs from indigenous communities.
The crop, she noted, has been driving agricultural transformation, inclusive growth and poverty reduction in the country, and it is the most efficient way of satisfying the growing global demand for vegetable oil as it uses one-tenth of the land of its rival crops.
However, its very success makes it controversial, she said.
“Palm oil is new to me as I am from Mauritius and we grow coconut there… so it is fascinating to me to see how powerful palm oil is to Malaysia and how it has helped to eradicate poverty.
“However, as someone who is observing the industry from the outside, I also see that palm oil has ‘two faces’. On one hand, there are many wonderful things that you are doing, and you have, but on the other hand, there are a lot of ugly things too,” she said.
She noted that notable issues include the empowerment of the B40 group in the industry — namely the smallholders, issues of indigenous land, labour rights and deforestation.
Tsakok, who holds a PhD in Economics from Harvard University and a World Bank retiree, noted that despite the challenges, the industry can do better as palm oil is a versatile oil which has a lot to offer to the world.
Meanwhile, another panellist, IOI Corporation Bhd’s Head of Sustainability Dr Surina Ismail said that working with the Government is one of the best ways to manage the challenges faced by the industry.
“All along the supply chain, everybody must play their part in the upstream or the downstream sector.
“We must help and encourage the growers, especially the smallholders, to produce sustainably and get the recognition from big companies locally and abroad,” she said.
Meanwhile, commenting on the Certified Sustainable Palm Oil (CSPO), Roundtable Sustainable Palm Oil strategic stakeholder relations director Salahudin Yaacob said the certification is necessary for big and small players, allowing them to enter more markets.
“Currently, CSPO’s production is low. The Government, consumers and industry stakeholders need to work together to increase awareness on the CSPO.
“We need to enforce the requirement to make sustainable palm oil renowned and this can be achieved by producing only CSPO,” he said.
Two EU representatives, Frans Claassen and Paivi Makkonen said there should be more constructive dialogues between palm oil-producing countries and the EU Government.
They also stressed that having good governance to promote a healthy supply chain in the industry is crucial, as well as ensuring that no human rights are violated.
Closing the discussion, Sime Darby Plantation sustainability head Rashyid Redza Anwarudin said there are still a lot of work that needs to be done to improve the industry.
“We need to ensure the work we do is as inclusive. We have to remember that it’s an important industry in this part of the world. It has contributed in a major way to the social economy and development of the region.
“It has, more importantly, touched the everyday lives of the people,” he said.
The IPOSC 2020 is the Malaysian Palm Oil Council’s biannual conference that highlights the sustainability challenges and opportunities in the Malaysian palm oil industry.
This year’s conference is being hosted on a virtual platform, comprising two modules, in response to the global COVID-19 pandemic.
Module 1 today featured presentations from sustainability experts from the agriculture, research and palm oil sectors who shared their views on the efforts by global agricultural commodities towards achieving sustainability and carbon neutrality.
Module 2, on renewable energy, climate change and food security will take place from Oct 12-20, 2020.
Source : The Edge Markets
- The leaf producer
- Construction of new cells & enzymes.
- Construction of green pigments.
- Accountable for leaf & stem growth.
- Assists plants with rapid growth.
- The root maker/flower inducer
- Supports root growth and blooming
- A vital part of the development of photosynthesis.
- Involved in the creation of all oils, sugars, and starches.
- Helps with the conversion of solar energy into chemical energy.
- The flower inducer/fruit maker
- Encourages uptake of water
- Critical in the growth of flowers and fruits.
- Adds plants to fight diseases.
- Support plants make better use of light and air.
Understanding the different benefits each of the NPK nutrients is important to your plants. Basically, all plants need nitrogen, phosphorus, and potassium to grow. The growth and production of plant crops, fruits, flowers, or leaves will be affected if any of these nutrients are absent from its elements.
In a nutshell:
- Nitrogen (N) – is responsible for the growth of leaves.
- Phosphorus (P) – is responsible for the growth of root, flower, and fruit.
- Potassium (K) – is responsible for the overall functions of the plant perform correctly.
By understanding the NPK values in fertilizer, it can assist you to appropriately select the right values for the right type of plant that you are growing. For example, if you are concentrating on leafy vegetables, you might want to go for a higher N number to promote the leaf and its growth. You apply the same understanding to P and K.
We hope this article helps you to better understand the significant effect of nutrients such as Nitrogen, Phosphorus, and Potassium. Good Luck and Happy Planting!!!
Credit: Workers sort bunches of harvested oil palm fruit at the Felda Global Ventures Holdings Bhd. palm oil plant in Besout, Perak.
Photographer: Goh Seng Chong/Bloomberg
KUALA LUMPUR: The local palm oil sector is poised to begin its recovery in the second half (2H) of 2020 following the easing of Covid-19 lockdowns globally.
This would, in turn, improve global demand from major consumers particularly China and India, said Boustead Plantations Bhd chief executive officer Ibrahim Abdul Majid.
The upstream oil palm plantation company predicted that stockpiles will dwindle in anticipation of better demand for edible oil in the global food supply chain.
“For the short-term, the sector is expected to remain impacted, we continue to adopt a longer-term view given the nature of our industry,” Ibrahim told the New Straits Times.
He is also optimistic for the year ahead given the crude palm oil (CPO) export tax exemption aimed at managing Malaysia’s stock level, which has to a certain extent lifted prices.
Ibrahim said Indian buyers had resumed purchasing Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices.
“Even though the short-term prospects for the plantation sector are weak given the current environment, we are optimistic that prospects will improve as the world sees a gradual recovery,” he added.
Ibrahim said Malaysia Palm Oil Council’s (MPOC) had forecast CPO prices to hit a peak of RM2,594 per tonne in 2H, and this would improve Boustead Plantations’ bottom line.
“We expect to see enhanced fresh fruit bunches (FFB) production in 2020, due to the full-year consolidation of production from Tawai estates.
“At the same time, harvesters’ productivity which is addressed via our Transformation Programme is also expected to have a positive impact on FFB production,” he said.
Ibrahim said the company expected its average CPO price for 2020 to be in the range of RM2,400 to RM2,500, benefitting from the palm oil export tax exemption from July until December this year under the National Economic Recovery Plan and significant recovery in global palm oil demand from May.
“Demand is expected to be a key factor in determining prospects for CPO in 2020 and 2021.”
He added that the lingering effects of the Covid-19 crisis were likely to curtail disposable income particularly in relation to food in developing countries.
This, in turn, may curb the prospective uptrend in world consumption of oils and fats.
“We expect the large demand losses stemming from the lockdowns in the first-half of 2020 to be recouped by next year.
“Overall, this forecast is based on the assumption that the Covid-19 pandemic comes under reasonable control soon.”
Ibrahim, however, said if the pandemic did not come under control, this would put another round of downward pressure on all major commodities
Credit: NST By Ayisy Yusof – July 27, 2020 @ 8:22am
We are pleased to inform that we restock our Fused Magnesium Phosphate Fertilizer (FMP). We are sharing the look of the new packaging of the FMP.
Front Look of the Bag
Back look of the bag
Feel free to be in touch with us on the FMP at
Everchem Corporation (M) Sdn Bhd
25-1, 1 Mont Kiara, No 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur
Or call us at P: +603 6201 7435 or email us at email@example.com
Credit: Parlimen Malaysia
Below are the activity by Everchem Corporation on the unloading of Ulexite and being inspected and composite sample collection exercise by SGS Malaysia.
ARRIVAL OF THE CONTAINER
UNLOADING OF ULEXITE BAGS FROM THE CONTAINER
SAMPLE GATHERING EXERCISE
We are pleased to present our new Fused Magnesium Phosphate (FMP) bag marking. Listed is the process of receiving our cargo from Vietnam to be placed in our warehouse before transferring them to our buyers in Bintulu, Tawau, and Sandakan.
Empty bag of the new front look of FMP
Empty bag of the new back view of FMP
Our new FMP front look packaging with contents
Our new FMP back view packaging with contents
The cargo had just arrived from Vietnam
The process of emptying the container to be shipped to our warehouse begins here
Cargos are being emptied bit by bit
Until it is all transferred
We then transferred them to our warehouse
We then stacked the FMP neatly on the pallets before selling them to our buyers
KOTA KINABALU: Palm oil groups today urged the Sabah government to consider allowing firms to resume operations for essential procedures such as harvesting, crop evacuation, and milling despite the nationwide movement control order (MCO) which has mostly shut down activity in the country.
In a joint statement, the Malaysian Palm Oil Association and Malaysian Estate Owners Association said there would be social impacts from the closure of operations in the state.
“The industry strongly feels that we can better contain the spread by continuing operations rather than curbing them,” they said.
hey said closing operations only highlights “the operational nightmare” in addition to the potential revenue loss of about RM860 million for a month’s closure in Sabah.
“The loss in 7.5% sales tax revenue to the government amounting to about RM57 million could actually be used to support the fight to contain COVID-19,” they added.
Sabah Chief Minister Shafie Apdal recently announced the closure in phases of palm oil operations in the districts of Tawau, Lahad Datu, and Kinabatangan.
He said this would begin with oil palm plantations before being extended to mills as well.
The three districts account for 65% of the total planted area of 1.2 million hectares and 75% of production in Sabah involving some 100,000 workers.
The groups said these workers would be left idle and confined to their quarters for long hours due to social distancing.
They said the workers might also leave to look for jobs elsewhere or attempt to return to their home countries, which would pose a threat to the MCO objective of containing the spread of COVID-19.
They also said the industry had committed to supporting the government in its battle against the virus by introducing and adhering to guidelines and SOPs at all estates and mills, including a so-called voluntary lockdown.
**Credit: FMT News
**Credit to featured image: freemalaysiatoday.com