Oil Palm Industry Economic Journal Vol. 2 (1) March 2002 p. 1-10

Palm Oil and Its Global Supply and Demand Prospects

Yusof Basiron
Received:    Accepted:    Available Online:


The paper outlines the global palm oil situation and highlights the developments in the Malaysian and Indonesian palm oil industry. Palm oil has played a positive role in the world oils and fats supply and demand equation largely due to its techno-economic advantages and versatility as well as some of the developments in the world in relation to security of supply, health and environment. The paper will also discuss the various challenges confronting palm oil in the world market, namely self-sufficiency policies by developing countries, crop subsidies by developed countries, stringent standards and quality for trade, non-tariff technical barriers and effects of exchange rate variations.

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