The export performances of Malaysia's crude palm oil / Zuliana Zainal Abidin

The Malaysia palm oil industry plays a vital role as a major contributor to the Malaysia economy. In the global scenario, palm oil has assumed much importance in catering to the demand of the world's oils and fats. This study is about the export performances of Malaysian crude palm oil. It is also involved what are the determinants which is influenced the performance of exporting Malaysia crude palm oil to other countries. The Malaysian palm oil industry has undoubtedly made significant contributions towards the economy as well as to the development of the world palm oil market. Malaysia's ability to compete for increasing market shares has resulted in the rapid expansion of palm oil production and increased the exports of palm oil to the world. The success of the crop itself is because of its high productivity, relatively low production cost and high degree of profitability. The amount of palm oil exported is highly dependent on the world population, the production of palm oil itself, the price, and the amount of import the palm oil itself. The status of palm oil today in the world market is without doubt due to the significant contribution by the Malaysia palm oil industry. In fact, the country has become a role model for many other palm oil producing countries in their plans to spur economic development in the agricultural sector and to gain foreign exchange through exports of surplus production. In addition, oil palm is also featured as an important socio-economic crop in most producing countries especially for alleviating rural poverty amongst poor farmers and contribute to the Malaysia economic with the great export performances.