INFO ARKIB ELEKTRONIK

JATA LATES

MEDIA STATEMENT


RISE IN CRUDE PALM OIL (CPO) PRICE TO RECORD HIGH BRINGS
HUGE PROFITS TO SMALLHOLDERS NATIONWIDE



1. For the first time in the history of the national palm oil industry, the price of Crude Palm Oil (CPO) hit an all-time-high of RM5,750 per tonnes for two consecutive days on Feb 3 & 4, bringing great news and huge profits to about 400,000 smallholders nationwide.


2. This increase is a testament to the commitment and dedication of the Ministry of Plantation Industries and Commodities (MPIC) through the Malaysian Palm Oil Board (MPOB) and Malaysian Palm Oil Council (MPOC), together with the Malaysian Palm Oil Certification Council (MPOCC) to help the rakyat through various initiatives and Government policies.


3. MPIC will continue to strive to expand the Malaysian palm oil market to overseas markets, especially in West Asia such as in Turkey and Saudi Arabia, given the increase in Malaysian palm oil exports to Turkey with a total 703,588 tonnes in 2021 and Saudi Arabia’s commitment to increase Malaysian palm oil imports to 500,000 tonnes which is estimated to reach RM1.5 billion in value, this year.


4. Recently, following my visit and the MPIC delegation to Saudi Arabia, several memorandums of understanding (MoU) were signed with several companies including the Savola Group, which is the largest importer and distributor of edible oil in Saudi Arabia.


5. In fact, MPIC entered into three areas of cooperation, including the construction of a storage tank terminal in Jeddah; making Saudi Arabia a hub for the reexporting of Malaysian palm oil; and a joint campaign to promote the benefits of Malaysian palm oil to their country and the world. I am confident the country's palm oil industry will continue to thrive in line with the ongoing efforts by this Ministry.


6. Although at this point, there are sanctions imposed by the United States (US) and the European Union (EU) on Malaysian palm oil, MPIC will continue to work hard to ensure the long-term interests of the palm oil industry are safeguarded and will continue assisting palm oil smallholders and other stakeholders.


7. Once again, I call upon all Malaysians to come together with the Ministry in an effort to address anti-palm oil propaganda by Western countries that is clearly aimed at bringing down our country’s palm oil industry. We need to make sure the country's palm oil industry continues to be one of the largest contributors to the national economy.



DATUK HAJAH ZURAIDA KAMARUDDIN
MINISTER OF PLANTATION INDUSTRIES AND COMMODITIES
5 FEBRUARI 2022

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Malaysia’s Berjaya Corporation Committed towards Palm Oil and Other Malaysian Commodities

As part of the on-going Love My Palm Oil Campaign (LMPO), Minister of Primary Industries, YB Teresa Kok enlisted the support and commitment of Berjaya Corporation through its Chairman Tan Sri Vincent Tan.

The event hosted at Berjaya Hotel Times Square on Monday 20 January 2020, also showcased a number of Malaysian commodities particularly palm oil, cocoa and pepper successfully incorporated into various food and non-food formulations that are finding niche markets including in Japan and other developed markets.

Tan Sri Vincent Tan was emphatic in stating that Berjaya Corporation was a true supporter of all things Malaysian and his corporation’s base remains firmly in Malaysia.

This also meant that they actively look into various locally grown and available supply chains to be added to their long list of already successful consumer platforms.

In this context he had closely followed the nation’s commodities sectors and found so many unexploited opportunities presented by palm oil, cocoa and pepper.

Minister YB Teresa Kok in welcoming Berjaya Corporation’s commitment assured the business communities that her Ministry was spearheading research on several downstream applications.

Many, particularly those based on Malaysian palm oil and cocoa have been commercialised successfully by small and medium sized entrepreneurs.

The products are formulated and packaged to international standards and are getting international attraction but yet their ability to expand into major markets are limited due to a lack of business experiences and supply chain management.

“In this matter the long term expertise and experience of the Berjaya Corporation which is already world class and demonstrated by their successful management of leading brands such as 7-Eleven, Starbucks and Kenny Rogers could come in handy,” said YB Teresa Kok.

Indeed while interacting with the exhibitors at the event made up largely of the small and medium entrepreneurs both Tan Sri Vincent Tan and YB Teresa Kok exchanged many interesting observations, with Vincent Tan showing keen interest in several products displayed.

He stated that his team would be making further assessment of these products to help map out possible market expansion particularly through his existing enterprises.

Berjaya Corporation also agreed to work with the Ministry of Primary Industries and MPOC to create a palm oil awareness walkabout area and that Berjaya Hotel will get its chefs to recreate palm based recipes for food preparation and presentations in the next two months.

This was deemed timely since 2020 is Visit Malaysia Year and the expected influx of more than 20 million tourists could be given a taste of Malaysia through these primed food recipes developed by Berjaya Hotels and its culinary schools.

Overall YB Teresa Kok stated that these efforts were bearing fruit and the Love My Palm Oil Campaign was being actively supported by various business groups with the most recent commitments from Berjaya Corporation emerging at a most timely juncture.


Ministry of Primary Industries
Putrajaya
22 Januari 2020

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Prestasi Perdagangan Sektor Agrikomoditi Bagi Tempoh Januari-Disember 2019

 

Prestasi Perdagangan Sektor Agrikomoditi Bagi Januari - Mac 2020 

Jan Mac

 

Sebarang pertanyaan dan maklumat lanjut sila hubungi:

Pn Darmawati Lahibbu
Penolong Setiausaha 
Unit Penyelarasan dan Statistik
Bahagian Perancangan Strategik dan Antarabangsa
Kementerian Perusahaan Perladangan dan Komoditi (MPIC)
Emel : darmawati [AT] mpic [DOT] gov [DOT] my
No. Telefon: 03-88803371

Klik disini untuk muat turun01-Data_Summary_Jan_Mac_2020.pdf


Prestasi Perdagangan Sektor Agrikomoditi Bagi Januari - Februari 2020

Prestasi Perdagangan Sektor Agrikomoditi Bagi Januari-Februari 2020

 

 


Prestasi Perdagangan Sektor Agrikomoditi Bagi Januari 2020

Prestasi Perdagangan Sektor Agrikomoditi Bagi Januari 2020

 

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Any enqueries please email to :

Unit Penyelarasan dan Statistik
Bahagian Perancangan Strategik dan Antarabangsa
Kementerian Perusahaan Perladangan dan Komoditi (MPIC)
Emel : psa [AT] mpic [DOT] gov [DOT] my
No. Telefon: 03-88803371