Supplemental Statement - FARA

Received by NSD/FARA Registration Unit 08/23/2012 9:59:28 AM
MALAYSIAN PALM OIL
- FORTUNE
M P O C
MALAYSIAN PALM OIL COUNCIL KKDN PP 114669/05/2012 (0299-16) VOL: 4 2012
An overwhelming
response to
POTS Philippines 2012
THE PHILIPPINES has emerged as an
important market for Malaysian palm oil.
In 2009, the country was the seventh
largest importer of Malaysian palm oil in
the Asia Pacific Region, with 119,255
metric tonnes (MT). The Malaysian palm
oil import increased substantially to
204,731 MT in 2010 and in 201 i recorded
a tremendous increase to 512,069 MT.
This makes the Philippines the third
largest importer of Malaysian Palm Oil
(MPO) after China and Japan. They have
even overtaken countries such as South
Korea and Singapore, who are
traditionally Malaysia's biggest importers.
Since becoming the third largest importer
and user, of MPO in the region, the
Philippines has become an important
market for the Malaysian palm oil industry.
Coconut oil, which is largely used in the
Philippines, has seen reduced production
since 2009 and palm oil has naturally
been the preferred alternate choice. The
table below illustrates Philippines coconut
oil production and palm oil import.
As a result of the shortfall in domestic
production of oils & fats, the country is
required to import to meet their demand
gap. Being the most competitively-priced
oil and coupled with its high nutritional
values and versatility in various food and
non-food applications, palm oil imports
touched a record volume in 2011 at
543,000 MT, out of which 512,000 MT or
2.000
1.800
1.600
1.400
1,200
1,000
800
600
400
200
95% is MPO, a record not seen since
palm oil was introduced to this country.
This is mainly due to the price hike in all
vegetable oils and price discount
available for palm oil against other oils
and fats, and making palm oil the most
affordable and economically viable to
sustain business among all users.
In 2001, import of MPO by the Philippines
was only 45,580 MT - less than 10% of the
total MPO imports registered in 2011. The
success of MPO in capturing and
retaining a strong foothold in the
Philippines market can be attributed to the
shortfall in coconut oil production and high
price of the oil in the domestic market.
This shows the important role that MPO
600.00
500.00
400.00 f
300.00
' 200.00
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