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Click to print Opens in new window With the first half of just ended, the palm oil industry continues to be plagued by issues pertaining to manpower shortages, non-tariff barriers on palm products in major importing countries and local high taxation rates.
On the worker shortage front, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Kong had acknowleged the higher demand for manpower from the plantation industries and commodities sector due to the fact that the sector requires its entire production process to be done in the country.
In a media release by the Ministry of Plantation Industries and Commodities MPICit stated that these included labelling of food product with No-Palm Oil and proposal to impose high import tax on palm products.
According to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi earlier this year, the industry currently provides direct employment to more than one million people includingsmallholders. The board pointed out that this was mainly due to the increase in new planted areas especially in Sarawak, which recorded an increase of Ng added that this is evidenced from the 50 per cent year on year y-o-y drop The usage of cpo futures China demand for Malaysian palm oil in the first half of 1H16as Chinese government released two million tonnes of rapeseed oil from state reserves.
The research arm highlighted that the good news is that the Chinese government has stopped releasing rapeseed oil from The usage of cpo futures reserves in recent months but this is offset by concern that the government still holds around four million tonnes of rape oils in its reserves.
Ng said that the approximately two per cent m-o-m rise in fresh fruit bunch FFB output was below the historical July m-o-m average of eight per cent over the past five years as workers took time out for Eid Al-Fitr.
Meanwhile, it turns out that there was surprisingly stronger palm oil demand from China and Europe. However, this is offset by stronger-than-expected demand.
Ng explained that the higher demand for palm oil suggests that palm oil stock levels at the consuming countries are currently low and that palm oil prices have regained compeitiveness against other edible oils. In its second quarter of 2Q16 results preview, CIMB Research expected Malaysian planters to report flattish to lower y-o-y earnings during the quarter.
This is due to the average Malaysian CPO price for 2Q16 having improved 18 per cent y-o-y, insufficient to offset the 20 per cent y-o-y drop in output from Malaysian estates over the same period. He referred to issues such as connecting mobile phones with the cloud of data storage, against the Internet of Things IoTagainst the social networks and so onmany more.
It all boils down to how the plantation industry has been taking advantage of this digital transformation and innovations. On IoT, he highlighted the issue of whether this can be brought into agriculture in Malaysia because it is not going to be an option, it is going to be a necessity.
Other areas which can be looked into include precision agriculture in the form of geospatial technologies, unmanned aerial vehicles UAVs and drones. These equipment are already in the market and as Tek points out, it is all about whether industry players are looking into these technologies to benefit their plantations.
In his presentation, Ahmad highlighted that the technologies on harvesting, infield FFB evacuation, loose fruit collection, field maintenance, fertiliser applications, pest and disease control had been developed over the years by MPOB in collaboration with members of the industry.
He stated in his slides that other harvesting tools developed were the Hi-reach pole and the motorized cutter, Cantas. Ahmad also highlighted that recent technologies offered by MPOB to the industry include the track-type transporter, Beluga for peat area, prime mover for soft grounds, loose fruit separator, roller-type loose fruit picker and mechanical loose fruit collector, MK III.
According to Ahmad, imported machineries of various makes are available in the market for use in plantations. Going forward, Ahmad believed that for the country to remain competitive, it has to overcome two crucial problems — labour and land.
Ahmad also explained that the development of ground operated machine tools or implements has to take into account the challenges posed by various types of terrain where the oil palms are grown.
In particular it needs to be semi automated, so that more locals are attracted to work in oil palm plantations. It should be noted that the government has set aside RM, for the Oil Palm Industry Mechanisation Incentive Scheme to encourage mechanisation activities this year.
Under this scheme, plantation or estate owners will be given a price discount when they purchase machinery to reduce labour dependency. With the ripeness standard, prime matured it is two detachable fruitlets while for palms of less than five years, it is five detachable fruitlets.
Gotong royong is just a group of people who come together to work towards completion of an assigned task for the day. As for the row rolled on system, the harvester is alloted by palm rows daily while the task rolled on system involves the harvester being allotted by tasks.
The last system introduced by Salcra was the fixed task rolled on whereby the harvester is allotted a fixed task in all fields.
However, the gotong royong system demotivates other diligent harversters because their salaries or wages are being shared. As for the lot keeper system, the disadvantage is that the harvesters are neither willing to assist others nor allow others to work on their lots.
For the row rolled-on and task rolled-on systems, the main highlight is that there is compact harvesting and palms are being fully harvested. However, the disadvantage is that as supervision is not there, you may have low quality of work due to no sense of ownership and slow harvesters may cause problems as they lag behind.Multi Commodity Exchange of India Ltd (MCX) is an independent commodity exchange based in India.
It was established in and is based in metin2sell.com offers futures trading in bullion, non-ferrous metals, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton and others). Truthfully, I’ve been concerned about the sustainability of life since I was a kid.
In the early 90’s I was living on a hill, in an ex military vehicle I called home, using a small windmill to power the lights and stuff. Global Supply, Demand & Price Outlook of Oils & Fats Presentation at the 81 st Annual Convention of NIOP on March 16, Daily futures from 2 Jan until 12 Mar Crude palm oil, cif R'dam Daily Prices of Gas Oil & Crude Palm Oil (US-$/T).
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26 The Price Discovery of the Malaysian Crude Palm Oil Futures Markets 1 Introduction Commodity futures’ trading was formally introduced in Malaysia in The world stock or usage of palm oil usually higher than 28 The Price Discovery of the Malaysian Crude Palm Oil Futures Markets some evidence of serial correlation in futures prices in.
The volume of crude palm oil (CPO) futures on Malaysian Derivatives Exchange (MDEX) market is slightly more than the production of the Malaysia palm oil. As the price of a palm oil is dependent on its consumption and the level of the stock, it is important to.