Can the figures talk!... No doubt we are just interested on technical trend indicators but as general knowledge here is some important fundamental data that may have giving a good understanding about Malaysia palm oil industry at present according to the news in italic font.
Oil palm trees are planted on 5.23 million hectares, or more than 70 per cent, of the country's agricultural land. (what i know...about 19.2m tons CPO was produced in year 2013)
What I have...For your information: Based on MPOB data on CPO yield (tonne/ha) against FFB yield (tonne/ha) is ... in year 2009 it was 3.93 against 19.20.
... fresh fruit bunches to 26 tonnes per hectare by 2020. (whatI don't know...What will be the CPO price with the RM178b revenue stated in the news?)
...smallholders are responsible for 40 per cent of the total oil palm trees planted in the country.
"In Sarawak, there are 18,513 smallholders who have planted oil palm trees on 94,437ha," he added.
Source: Bernama
(To MH370 families and friends, Be strong, Life must go on.)