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On Thursday, 7th Dec 2017
Settlement Price RM 2502
Last Updated : 8th Dec 2017 @ 8.30 AM

Palm Oil Related News

PORAM Presentation

Visitor From Nigeria

PORAM is pleased to host a visit of a Delegation of Nigerian Government Officers to PORAM HQ on 7th November 2013. The Delegation consists of 28 officers from various state Ministry of Education (Nigeria have 36 states under the Federal Republic of Nigeria).

The objective of the visit is to study the various forums of Technical, Vocational and Educational Training offered by various industries in Malaysia. For the palm oil industry, they are interested to learn on the role of PORAM in providing training/courses, trade facilitation and export promotion.

Nigeria is a net importer of palm oil. The country produced around 962,000 tonnes of palm oil and imported about 960,000 tonnes of palm oil annually. Malaysia exported about 600,000 tonne of palm oil to Nigeria in 2012.

Visitor from Kochi University, Japan

PORAM welcomed a visit of Professor Iwasa Kazuyuki, Department of International Studies, Faculty of Humanities and Economics, Kochi University of Japan on 14th August 2012.

The purpose of his visit is to study the current scenario and impact of the Indonesian export duty structure on the Malaysian palm oil industry. The findings from his studies will be published in a journal in Japan.

PORAM CEO, En. Mohammad Jaaffar Ahmad gave a presentation on PORAM roles and objectives; current status of the industry; and challenges and prospects.

PORAM also acknowledged the investment and support of all the Japanese companies in Malaysia in the production, marketing, logistics, research and promotion of Malaysian palm oil.

There are a total of 10 Japanese based companies membership in PORAM. The earliest companies joined in 1986 and the latest in 2011.

4th Palm Oil Summit, Bali

PORAM was invited to present a paper at the 4th Palm Oil Summit held in Bali, Indonesia on 9-10 July 2012. Mr. Mohammad Jaaffar Ahmad, CEO of PORAM presented a paper on “Outlook for Malaysian Palm Oil Refineries in Challenging Times”. Two specific questions were deliberated during the presentation, firstly on “will the refining margin worsen?” and secondly “what can standalone refiners do to tackle the problem?”

The outlook is bleak unless the Government considers implementing the industry-wide recommendations as proposed at the Palm Oil Lab in May 2012. The paper concluded that “there is a new Spiderman in town now”. The answer can be found in the paper.

Malaysia-Philippines Palm Oil Trade Fair and Seminar (POTS)

“The Honourable Tan Sri Bernard Dompok, Malaysian Plantation Industries and Commodities Minister, officiates the inaugural Malaysia-Philippines Palm Oil Trade Fair and Seminar (POTS) organized by the Malaysian Palm Oil Council (MPOC) and Malaysian Palm Oil Board (MPOB) in Manila on 16th April 2012. This event is organized with the dual objectives of bringing together various stakeholders in the palm oil industry to network and enrich participants with the latest knowledge and developments pertaining to this important industry. A total of 350 participants attended the event followed by an evening forum on ‘ Healthy Lifestyle with Palm Products’.

PORAM presented a paper on ‘PORAM Guide to Conduct Business with Malaysian Exporters’ at the seminar. Two of our Members namely Sime Darby Jomalina Sdn Bhd and Felda Vegetable Oil Products Sdn Bhd participated in the exhibition. Several of our Members were there as part of the Malaysian Delegation.

PORAM would also like to congratulate Lam Soon Edible Oils Sdn Bhd for successfully launching their Cap Buruh Cooking Oil in the Philippines market. The launching was officiated by The Honourable Tan Sri Bernard Dompok on 17th April 2012.”