Export boost from oil palm products
[2008-4-2]
The Malaysian oil palm industry has continued to provide a steady inflow of export earnings as well as attract foreign direct investments and provide employment in downstream-related activities.
Plantation Industries and Commodities Minister Datuk Peter Chin said export earnings of oil palm products rose to a new level of RM45.6bil last year, underpinned by higher prices and increase in exports.
Datuk Peter Chin
“Oil palm cultivation, which occupies 66% of 6.3 million hectares of total agricultural land, had expanded 70-fold in size to 4.3 million hectares last year compared with 54,000ha four and a half decades ago,” he said at the annual Malaysian Estate Owners' Association (MEOA) dinner yesterday.
The expansion occurred mainly in Sabah and Sarawak with a combined growth of 6.1%, compared with 1.2% growth in Peninsular Malaysia, he said, adding that Sabah remained the largest oil palm planted state with 1.27 million hectares or 30% of the total planted area.
“The successful adoption of the crop to occupy the majority of the agricultural land is largely market driven, where good long-term price prospects had convinced investors to choose oil palm over other plantation crops,” he added.
According to Chin, one of the main challenges in the plantation industry was to adopt good agricultural practices, considering the limited land available to open new areas for crops.
“The plantation industry should embark on replanting unproductive crops with superior planting materials and mechanisation of harvesting methods,” he said.
Chin said MEOA should implement the Government's vision to produce 35 tonnes of fresh fruit bunches per hectare annually with an oil extraction rate of 25%.
Meanwhile, the Malaysian rubber industry contributed 4.3% to national exports last year compared with 3.3% in 2006, with total export revenue from all sub-sectors of the rubber industry valued at RM25.6bil, a 21.7% increase.
Natural rubber exports were valued at RM7.3bil, while rubber products and rubber wood products were valued at RM10.3bil and RM8bil respectively.
Chin said the total planted area for rubber was 1.19 million hectares, a decline of 500,000ha from the past three years.
“We expect the total rubber planted area in Malaysia to continue to decline to 1 million hectares in 2015 and to around 900,000ha in 2020,” he said, noting that planters preferred oil palm due to better returns.
Plantation Industries and Commodities Minister Datuk Peter Chin said export earnings of oil palm products rose to a new level of RM45.6bil last year, underpinned by higher prices and increase in exports.
Datuk Peter Chin
“Oil palm cultivation, which occupies 66% of 6.3 million hectares of total agricultural land, had expanded 70-fold in size to 4.3 million hectares last year compared with 54,000ha four and a half decades ago,” he said at the annual Malaysian Estate Owners' Association (MEOA) dinner yesterday.
The expansion occurred mainly in Sabah and Sarawak with a combined growth of 6.1%, compared with 1.2% growth in Peninsular Malaysia, he said, adding that Sabah remained the largest oil palm planted state with 1.27 million hectares or 30% of the total planted area.
“The successful adoption of the crop to occupy the majority of the agricultural land is largely market driven, where good long-term price prospects had convinced investors to choose oil palm over other plantation crops,” he added.
According to Chin, one of the main challenges in the plantation industry was to adopt good agricultural practices, considering the limited land available to open new areas for crops.
“The plantation industry should embark on replanting unproductive crops with superior planting materials and mechanisation of harvesting methods,” he said.
Chin said MEOA should implement the Government's vision to produce 35 tonnes of fresh fruit bunches per hectare annually with an oil extraction rate of 25%.
Meanwhile, the Malaysian rubber industry contributed 4.3% to national exports last year compared with 3.3% in 2006, with total export revenue from all sub-sectors of the rubber industry valued at RM25.6bil, a 21.7% increase.
Natural rubber exports were valued at RM7.3bil, while rubber products and rubber wood products were valued at RM10.3bil and RM8bil respectively.
Chin said the total planted area for rubber was 1.19 million hectares, a decline of 500,000ha from the past three years.
“We expect the total rubber planted area in Malaysia to continue to decline to 1 million hectares in 2015 and to around 900,000ha in 2020,” he said, noting that planters preferred oil palm due to better returns.
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