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MARKET DEVELOPMENT
CPO exports to rake in RM16bil
calendar25-10-2002 | linkNULL | Share This Post:

CPO in para 1 sould refer as palm oil.

Friday, October 25, 2002 (The Star) - MALAYSIA is expected to earn foreignexchange worth RM16bil from the export of crude palm oil (CPO) this year,an increase of RM2bil from last year.Malaysian Palm Oil Association (MPOA) chief executive M. R. Chandran saidtaht the future of the industry looked bright owing to the surge in priceof CPO and increase in production capacity of major plantations in thecountry.He told a press conference in Miri in conjunction with the launch of theMPOA Sarawak branch that the price of CPO had increased to RM1,470 pertonne.Chandran said that last year CPO output stood at 11.8 million tonnes, andso far this year about 12 million tonnes have been produced.“Oil palm already occupies about 1.53 million hectares in the country andplans are under way to open up more land for such purpose.“The future looks exciting. This year China is expected to become ournumber one export market and there is huge potential demand in thatcountry. Last year India was our number one market, followed by Europe,China and Pakistan,’’ he said.Chandran said that demand for palm oil also had tremendous potential toincrease in the local market.He said that of the 12 million tonnes produced so far this year only 10%were consumed locally and the balance 90% exported.The MPOA groups 113 major plantations in the country, including thosecultivating other agricultural produce such as coconut, sugar cane, andrubber.The association has about 400,000 members.MPOA chairman Tan Sri Abdul Khalid Ibrahim said the association had takenaggressive steps to promote palm oil among Malaysians because many stilldoubt its health benefits.Khalid also said the MPOA was in favour of genetic engineering and tissueculture as a means of increasing yields.“At present one hectare can produce about four tonnes of oil per year.Through tissue culture and genetic engineering it is possible to produceup to eight tonnes per hectare a year,’’ he added.

$SIG$Form:INetSendTo: .$StorageTo: .RecipientGroupsExpanded: palmnews_group$Mailer: Lotus Notes Release 5.0.1b (Intl) 30 September 1999$MessageID: INetFrom: rodzi@commserv.mpob.gov.myPostedDate: 25-10-2002 01:30:50 PMRecipients: ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,CN=Ab Halim Ismail/OU=BRANCH/O=MPOB@MPOB,CN=Ab. Malek Nanti/OU=BRANCH/O=MPOB@MPOB,CN=Ab. Rahman Haji Mohamed/OU=BRANCH/O=MPOB@MPOB,CN=Abd. Jalil Murad/OU=BRANCH/O=MPOB@MPOB,CN=Abdul Aziz Jaffar/OU=BRANCH/O=MPOB@MPOB,CN=Abdul Khalil Mohamad Nor/OU=BRANCH/O=MPOB@MPOB,CN=Abdul Rahim Abdullah Sani/OU=BRANCH/O=MPOB@MPOB,CN=Abdullah Hashim/OU=BRANCH/O=MPOB@MPOB,CN=Adrein Tubong/OU=BRANCH/O=MPOB@MPOB,CN=Ahmad Abduh Yaman/OU=BRANCH/O=MPOB@MPOB,CN=Ahmad Saghir Baharan/OU=BRANCH/O=MPOB@MPOB,CN=Ahmad Zuraimi Ab. 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