Malaysian Palm Oil Industry at Crossroads and its Future Direction
Article by Khoo Khee Ming and D Chandramohan
Abstract
Abstract
Palm oil accounts for 20% and 46% of the global oil and fats production and trade respectively. Malaysia is the world’s largest producer and exporter of palm oil with a 50% share of world palm oil production and 61% of exports. This paper assesses the growth of the Malaysian palm oil industry and the limitations of land and labour on the future growth of the industry. The industry’s competitive edge will continue to be a vital factor for its future development. Thus, in order to remain competitive, the industry needs to improve on productivity, explore opportunities to diversity the income base, widen the end-use base for palm oil, explore new marketing approaches and intensify vertical integration.
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