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Palm oil market: 87% of world palm oil production from Indonesia and Malaysia

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Global Palm Oil Market Report: 2013 Edition - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-06 18:23:01
The global palm oil market production is dominated by Indonesia and Malaysia, accounting for 87% of production output in 2011/12. Increasing demand from the bioenergy sector and oleochemicals industries has increased demand for palm oil over recent years. The increased demand for biofuels in the developed countries such as Europe and United States in addition to Brazil is driving strong growth in demand.

The major importing countries of palm oil include India, China, Europe and Pakistan. The Euro debt crisis combined with stockpiling of palm oil in Malaysia has resulted in fluctuating market prices for CPO palm oil over the past year. The Malaysian government has recently reduced CPO export tax in order to compete with the largest producer, Indonesia and to reduce the excess stock which is being stored.

The problems associated with limited land availability, labour issues and environmental controls, the focus has now shifted to improving yield and creating a sustainable and traceable value chain. The multinationals and buyers are now interested in the emergence of certified sustainable palm oil (CSPO) or green palm oil.

Palm oil is extracted front the fruit of oil palm trees or Elaeis guineensis with the main products being crude palm oil (CPO) and palm kernel oil (KPO). Palm oil represents the highest yielding oil crop in the World with an output five to ten times greater per hectare than other leading vegetable oils. The high yield per hectare, low price, relative shelf stability and nutritional benefits all contribute to ensuring palm oil remains an important natural resource. Palm oil is mainly used in food as cooking oil, in oleochemicals industry for manufacturing soaps, cosmetics, detergents, lubricants and glues. In addition, palm oil is a raw material for biodiesel.

The four main companies operating in the palm oil market are Wilmar International, Sime Darby, IOI International and PT Astra Agro.

The report analyses the global palm oil industry providing production, consumption, imports and exports data. In addition, the major drivers and key issues are discussed in the analysis.

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