As of December 2013, here is the table for oil palm planted area:
|
Click the table for bigger view |
It is basically 50:50 between East Malaysia and West Malaysia now a day; both are equally importance now, and any supply and demand data from MPOB on both sides will have to be monitored carefully even though we are just focusing on the technical trend trading. Especially the recent weather and flood that was reported affecting the supply of palm oil.
Readers traders can see that there is a figure of 5.23 million hectares with 4.5 million hectares matured oil palm. What will be the total supply figures for year 2014 when the MPOB figures is released.
MPOB will issue its official supply and demand figures only on 12/1/2015.
Source: MPOB