Supplemental Statement - FARA

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Received by NSD/<strong>FARA</strong> 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 «» ZT
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Supplemental Statement - FARA

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