Monday, March 10, 2014

Malaysian Palm Oil Industry and Export

Palm oil is the most traded oil in the world. 


In 2011, its exports reached almost 39.04 million tonnes of which Malaysia’s share was 46%. It is interesting that the oil production in Malaysia has increased from 4.1 million tonnes in 1985 to 18.9 million tonnes in 2011.
The palm fruit is about the size of a small plum and is borne in large bunches weighing between 10 kg - 50 kg. A bunch can have up to 2000 fruits, each consisting of a hard kernel (seed) within a shell which in turn is surrounded by a fleshy mesocarp. The mesocarp is made up of about 49% oil and about 50% kernel.
Oil palm was first introduced to this country as an ornamental plant in 1870. Since 1960, planted area had increased at a rapid pace.
The Malaysian palm oil industry easily meets the local oils and fats demand, and the excess can be exported.

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