GLOBAL OILS FATS FORUM 2013 - MPOCmpoc.org.my/upload/GOFF_8-Market-Challenges-and... · demand for...
Transcript of GLOBAL OILS FATS FORUM 2013 - MPOCmpoc.org.my/upload/GOFF_8-Market-Challenges-and... · demand for...
8TH GLOBAL OILS & FATS FORUM
2013 PLENARY PAPER
BY TAN SRI DATUK DR YUSOF BASIRON
CEO, MALAYSIAN PALM OIL COUNCIL
MARKET CHALLENGES AND GLOBAL OPPORTUNITIES FOR PALM OIL
3 OCTOBER 2013
PEABODY HOTEL, ORLANDO, FLORIDA
USA
PRESENTATION OUTLINE
1. Global Oils & Fats Production 1990 – 2012
2. Market Challenges for Palm Oil a) The USA Supply and Demand Outlook b) Global Oils & Fats Outlook c) Palm Oil Environment & Health Issues
– The Facts 3. Conclusions
GLOBAL OILS & FATS PRODUCTION AND
CONSUMPTION 1990 – 2012
WORLD OILS & FATS PRODUCTION 1990 - 2012
1990 2000 2010 2012 Palm Oil 11,013 21,874 46,011 53,446 Soybean Oil 16,097 25,531 40,217 41,758 Rapeseed Oil 8,160 14,470 23,966 24,444 Sunflower Oil 7,869 9,700 12,551 14,831 Others 37,752 43,130 49,813 51,776
-
10,000
20,000
30,000
40,000
50,000
60,000
(‘000
mt)
WORLD OILS & FATS CONSUMPTION 1990 - 2012
1990 2000 2010 2012
Palm Oil 11.08 21.75 45.57 51.74
Soybean Oil 16.13 25.17 39.13 41.68
Rapeseed Oil 8.2 14.27 23.62 24.13
Sunflower Oil 7.89 9.47 12.8 14.52
Others 37.61 43.09 50.59 51.54 Total
80.91 113.75 171.71 183.61
Population (Billion) 5.27 6.07 6.77 7.02
Gross World Product (Trillion USD) 27.54 43.61 74.54 83.12
WORLD OILS & FATS CONSUMPTION 1990 - 2012
80.91
113.75
171.71 183.61
5.27 6.07 6.77 7.02
27.54
43.61
74.54
83.12
0
10
20
30
40
50
60
70
80
90
0
20
40
60
80
100
120
140
160
180
200
1990 2000 2010 2012
(US$
Tril
lion)
Consumption (Million MT) Global Population (Billion) Gross World Product (US$ Trillion)
OILS & FATS CONSUMPTION BY MAJOR COUNTRIES 2012
Country Population (Million) Consumption (million MT)
Kg/year
China 1,354 34,290 25.32
EU-27 504 23,540 46.71
India 1,241 18,870 15.21
USA 315 17,470 55.46
Indonesia 242 8,310 34.34
Brazil 197 7,840 39.80
Pakistan 182 3,880 21.32
Argentina 41 3,500 85.37
Russia 143 3,220 22.52
Egypt 84 1,950 23.21
OILS & FATS CONSUMPTION BY MAJOR COUNTRIES
Consumption in each country tends to favor locally produced oils and fats. In North America, Europe and the
Soviet Union, annual seed crops are the main sources of oil In tropical countries, coconut oil and
palm oil together with groundnut oil are the main types produced and consumed.
OILS & FATS CONSUMPTION World consumption of oils and fats has
grown steadily during the last twenty five years. Consumption over the last five years has increased from 152 million tonnes in 2007 to 183 million tonnes in 2012, or 6 million tonnes additional/yr The growth rate in recent years has been
higher than the rate that prevailed in the 1990's due to the incremental demand especially from the biofuels market.
OILS & FATS CONSUMPTION BY MAJOR COUNTRIES
For consumption, the list is headed by two rich countries (Europe and USA) and by two highly populated countries (China and India).
The US and EU are using palm oil to reduce trans fats in product formulation. The US and EU also consume high level of saturated fats from animal sources, cheese, milk, meat, butter. These saturated fats are not available for use in replacing trans fats in product formulations.
Palm oil was shown (Hornstra) to reduce cholesterol compared to fats in the habitual western diet. It doubly improves the cholesterol benefit by replacing trans fats in product formulation, in addition to obtaining improved functionality.
OILS & FATS CONSUMPTION In the period from 1999 to 2005, annual increases in
consumption were typically in the range of 4 to 5 million tonnes and arose primarily from the growth in demand for oils and fats as a food. Annual increases in consumption thereafter have been higher and reflect the additional use of oils and fats as biofuel feedstock.
World average per capita consumption of all oils and fats has also grown progressively each year during the last decade from a level of 18.9 kg in 2001 to 25.9 kg in 2012. Consumption per capita is closely related to income.
To produce 6 million tonnes/yr additional oils, we need 15 million ha of new soya land, or 1.5 million ha for palm oil..severe demand on new land areas. We need all sectors to help produce the annual new supply of oils and fats.
OILS & FATS CONSUMPTION In 2012, per capita consumption was 55 kg and 49 kg
in the US and the EU27 respectively, compared to 15 kg and 25 kg for India and China respectively.
At low income levels, elasticity of demand is high, whereas at high income levels, elasticity is reduced to values close to zero.
The highest increases in consumption will be in low to middle income countries, where increasing per capita income can combine with relatively high rates of population growth.
These high growth countries will tend to be in the developing world where palm oil has traditionally been strong-- more demand pressure on palm oil.
CONSUMPTION – PALM OIL VS OTHER OILS
Palm Oil 14%
Soybean Oil
20%
Rapeseed Oil
10% Sunflower Oil
10%
Others 46%
1990
Palm Oil 19%
Soybean Oil
22%
Rapeseed Oil
13%
Sunflower Oil 8%
Others 38%
2000
CONSUMPTION – PALM OIL VS OTHER OILS
Palm Oil 27%
Soybean Oil
23%
Rapeseed Oil
14%
Sunflower Oil 7%
Others 29%
2010
Palm Oil 28%
Soybean Oil
23%
Rapeseed Oil
13%
Sunflower Oil 8%
Others 28%
2012
TOTAL WORLD OILSEED OIL PRODUCTION
(INCL. PALM OIL) 2008 - 2012
Source : Oil World
0
10
20
30
40
50
60
2008 2009 2010 2011 2012
(Mil
lio
n M
T)
Soybean oil Sunflower oil Rapeseed oil
Palm Oil Palm Kernel Oil Other Oils
WORLD OILS & FATS PRODUCTION 2012
-
10,000
20,000
30,000
40,000
50,000
60,000
Palm Oil Soybean Oil Rapeseed Oil Sunflower Oil Others
Palm Oil Soybean Oil Rapeseed Oil Sunflower Oil Others
OILS & FATS EXPORTS 1990 – 2000
Palm Oil 42%
Soybean Oil
19%
Rapeseed Oil 5%
Sunflower Oil 8%
Others 26%
2000
Palm Oil 36%
Soybean Oil
14% Rapeseed Oil 7%
Sunflower Oil 9%
Others 34%
1990
OILS & FATS EXPORTS 2010 - 2012
Palm Oil 56% Soybean
Oil 13%
Rapeseed Oil 6%
Sunflower Oil
10% Others
15%
2012
Palm Oil 55%
Soybean Oil
15%
Rapeseed Oil 5%
Sunflower Oil 7%
Others 18%
2010
NET IMPORTING AND EXPORTING COUNTRIES FOR OILS & FATS
(2012) REFLECTING REAL AVAILABILITY
-15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000 25,000 30,000 ('000 MT)
Net Exporters
Net Importers
Indonesia
Malaysia
Argentina
Brazil
Canada
Philippines Russia
India
EU-27
Ukraine
China
Pakistan
Bangladesh
Iran Mexico
Egypt
Nigeria
Japan
Turkey
South Africa
South Korea
Taiwan Other
North Africa
MARKET CHALLENGES FOR
PALM OIL
USA OILS AND FATS SUPPLY AND DEMAND
OUTLOOK
SUPPLY AND DEMAND OUTLOOK USA
US position as the biggest soybean producer in the world is set to be overtaken by Brazil.
Oils & fats production which recovered in 2012 is forecast to again drop by 390,000 MT in 2013 to 16.3 million MT
U.S. share of global soybean production is estimated to fall to 33.3% from 35% recorded last year.
Oils & fats export is forecast at 4.29 million MT contributed by soybean and corn oil which is 403,000 MT above 2012 figures. Surge in exports is motivated by delivery issues from South American counterparts.
USA BIOFUELS The Environmental Protection Agency announced
standards of 1.28 billion gallons for biomass-based diesel, 2.75 billion gallons for advanced biofuel and 16.55 billion gallons for renewable fuel for 2013.
Production for the first six months of 2013 tallied at 562 million gallons from a total of 873 million pounds of feedstocks used to produce biodiesel in June 2013.
Soybean oil was the largest biodiesel feedstock during June 2013 with 461 million pounds consumed. The next three largest biodiesel feedstocks during the period were corn oil (98 million pounds), yellow grease (93 million pounds), and tallow (54 million pounds).
BIODIESEL PRODUCTION – USA 2011 – 2013 (JUNE)
-
20
40
60
80
100
120
2011 2012 2013 (June)
U.S. INPUTS TO BIODIESEL PRODUCTION 2013(MILLION GALLONS)
Feedstock Inputs
Vegetable Oils Animal Fats
Canola Oil Corn Oil Palm Oil Soybean Oil Other Poultry Tallow
Jan
16
60
NDA 300
NDA 7
15
Feb
38
61
NDA 275
NDA 8
28
Mar
39
71
NDA 424
NDA 9
53
Apr
47
71
NDA 423
NDA 15
56
May NDA
91
NDA 416
NDA 20
61
Jun NDA
98
NDA 461
NDA 19
54
*NDA – No Data Available
Source : Oil World & MPOC Data
USA PALM OIL IMPORTS 2008 – 2013 (F)
USA OILS & FATS IMPORT AND EXPORT 2008 – 2013F
Source : Oil World & MPOC Data
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2008 2009 2010 2011 2012 2013 (F)
Import Export
USA: OILS & FATS SUPPLY AND DEMAND SCENARIO
Source Oil World , MPOC Data & USDA Estimates
(‘000 T) 2008 2009 2010 2011 2012 2013F
Opening Stock
2,300
1,965
2,295
2,407
2,046
2,219
Production
16,405
16,033
16,088
16,033
16,701
16,310
Import
3,392
3,317
3,498
4,056
3,886
4,289
Export
3,351
3,367
4,030
3,159
2,943
2,991
Consumption
16,780
15,653
15,445
17,291
17,472
17,867
Ending Stock
1,965
2,295
2,407
2,046
2,219
1,960
Stock Usage Ratio 9.76% 12.07% 12.36% 10.00% 10.87% 9.39%
GLOBAL OILS AND FATS OUTLOOK
Land Use Type Total Area
(million ha)
As % of Area
Total Agricultural Land * 4267 100
Oil Seeds ** 233 4.69
Soyabean ** 92 1.85
Rapeseed ** 30 0.60
Sunflower ** 23 0.46
Oil Palm ** 11 0.22
Coconut ** 9 0.18
Other Oil Seeds ** 68 1.37
Malaysian Oil Palm 4.3 0.09
World Cultivated Area of Oil Seeds
***
4.7% of total land area planted with oil seeds &
0.22% of world agricultural land
Average Oil Yield (t/ha/year)
Sunflower 0.58
Rapeseed Oil 0.75
Oil Palm 4.13
Soybean
0.40
Oil Crop Production
(Mn/ T) % of Total
Production
Average Oil Yield
(t/ha/year)
Total Area (Mn/ ha)
% Area
Soybean 35.81 23.67 0.40 97.97 42.74 Sunflower 12.97 10.19 0.58 24.59 10.73 Rapeseed 21.34 16.77 0.75 31.32 13.66 Oil Palm 50.33* 37.99 4.13 12.18 5.31 TOTAL* 132.48 229.2
Note : * for palm oil and palm kernel oil
* for 7 major oils (groundnut, coconut, cottonseed and above oils)
Scarcity of land – Expansion vs Productivity
Higher PO
Yields – A
Solution to
Land
Scarcity
The FAO Food Price For 2012 as a whole, the Index averaged 212, 7.0 percent less than in 2011, with the sharpest declines registered by sugar(17.1 percent), dairy products (14.5 percent) and oils (10.7 percent). The 2012 price falls were much more modest for cereals (2.4 percent) and meat (1.1 percent).
Source: http://www.fao.org/worldfoodsituation/wfs-home/foodpricesindex/en/
The FAO Oils/Fats Price Index For 2012 as a whole, the index averaged 225, which compares with 252 in 2011. The main reason for the fall in December is the continued build-up of large global inventories of palm oil – as abundant production in Southeast Asia coincided with a protracted weakness of import demand.
World’s Fastest Growing Economies
World
Grain
Area
83.6% Area
of
Other
Oil
Crops
16.1%
World
Oil
Palm
Area
0.4%
1971
IN 2010, OIL PALM SHARE OF GRAIN AND OILSEEDS LAND AREA USAGE WAS TINY (ONLY 15 OUT OF 969 MILLION CULTIVATED HECTARES OR 1.55%), BUT SUPPLIED 75% OF GLOBAL NET EXPORT AVAILABILITY. SINCE 1971, PALM HAS ADDED 12 MILLION HA, COMPARED TO OTHER OIL CROPS WHICH INCREASED CULTIVATION AREA BY 114 MILLION HECTARES
World
Grain
Area
73.1%
Area of
Other
Oil
Crops
25.4%
World
Oil
Palm
Area
1.5%
2012
Oil palm is the most efficient, effective and highest yielding form of vegetable oil
production
(Source : Oil World)
PALM OIL PRICE DISCOUNT VS SOYBEAN OIL
(100)
(50)
-
50
100
150
200
250
300
0
200
400
600
800
1000
1200
1400
USD
/MT
USD
/MT
Palm Oil Price (USD/MT) Soybean Oil Price (USD/MT) Discount
WIDE DISCOUNT OVER SOYBEAN AND SUNFLOWER OIL
300
500
700
900
1,100
1,300
1,500
1,700
1,900
2,100 Ja
n-02
Jul-0
2
Jan-
03
Jul-0
3
Jan-
04
Jul-0
4
Jan-
05
Jul-0
5
Jan-
06
Jul-0
6
Jan-
07
Jul-0
7
Jan-
08
Jul-0
8
Jan-
09
Jul-0
9
Jan-
10
Jul-1
0
Jan-
11
Jul-1
1
Jan-
12
Jul-1
2
Jan-
13
Jul-1
3
Pric
e (U
S$/M
T)
CPO, Rott SBO, Rott
SFO, Rott
Source: Oil World
Oil palm is the most efficient, effective and highest yielding among all vegetable oils produced
109.69
34.58
25.52
14.18
41.76
24.44
14.83
53.44
0
20
40
60
80
100
120
Soybean Oil Rapeseed Oil Sunflower Oil Palm Oil
(Mill
ion
Ha/
Mill
ion
MT)
(Land Area - Million Ha) (Production - Million MT)
Source: Oil World, December 2012
MALAYSIAN PALM OIL EXPORTS 2008-2012
2008 2009 2010 2011 2012 (MT) 15,412,512 15,880,744 16,664,068 17,993,265 17,575,486
14,000,000
14,500,000
15,000,000
15,500,000
16,000,000
16,500,000
17,000,000
17,500,000
18,000,000
18,500,000
(MT)
Source: MPOB
MALAYSIAN PALM OIL MONTHLY PRODUCTION, EXPORT & ENDING STOCK (2011 -2013)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Jan
'201
1 Fe
b M
ar
Apr
May
Ju
n Ju
l Au
g Se
p O
ct
Nov
D
ec
Jan
'201
2 Fe
b M
ar
Apr
May
Ju
n Ju
l Au
g Se
p O
ct
Nov
D
ec
Jan
'201
3 Fe
b M
ar
Apr
May
Ju
n Ju
l
Stock Export Prod Source: MPOB
Source: MPOB
MONTHLY PRICES OF PO, SBO AND BRENT OIL
0
200
400
600
800
1,000
1,200
1,400
1,600
Jan
Mar
May
Ju
l
Sep
Nov
Jan
Mar
May
Ju
l
Sep
Nov
Jan
Mar
May
Ju
l
Sep
Nov
Jan
Mar
May
Ju
l
Sep
Nov
Jan
Mar
May
Ju
l
Sep
Nov
Jan
Mar
May
Ju
l
Sep
Nov
Jan
Mar
May
Ju
l
Sep
2007 2008 2009 2010 2011 2012 2013
US
D/T
on
ne
CPO vs SBO vs Brent Oil Prices
CPO Brent Oil SBO
ROLE OF MALAYSIAN PALM OIL
With long history in palm oil export,
Malaysia has the experience and capability in meeting the specifications on the products as required by potential buyers.
Malaysia also possesses long history of cultivation (> 100 years) with good agricultural and production practices. Hence, quality of MPO is assured.
PALM OIL ENVIRONMENT
AND HEALTH ISSUES
THE FACTS
At the time of European settlement in North America, primary (or virgin) forests covered nearly all of the East Coast.
By 1850, large portions of virgin forest had been cleared for agriculture, although substantial areas remained in the
South. Coastal Plain lands were the most densely populated, but Western areas of the region were largely unsettled, and
land in Florida and the Appalachians was difficult to clear and to farm.
After the Civil War, the era of industrial logging began in earnest. New railroads helped move heavy equipment and
transport cut logs to mills and markets, making logging profitable throughout the South. Between 1870 and 1920, the
South lost tens of millions of acres of virgin forest.
By the end of the twentieth century, virtually no substantial tracts of virgin forest remained in the South. Remnants can
be found in protected lands in parts of the Great Smoky Mountains and in southwestern Florida, but nearly all of the
South’s current forested area has been previously logged.
Spruce forest in the Appalachians of North Carolina: as a virgin
forest, left, and after logging, above.
Many virgin forest types were characterized, in part, by enormous old-growth trees that reached sizes rarely seen today.
In each photograph, the humans have been highlighted for scale. From left: old-growth yellow poplar in a cove hardwood
forest in North Carolina; baldcypress trees in a Florida swamp; virgin white pine-mixed hardwood forest in Virginia.
The industrial logging era, which dealt the final blow to most of the South’s virgin forest, was facilitated by
railroads, which themselves required vast quantities of lumber for crossties. Here, workers lay a logging
railroad through virgin longleaf pine forest in east Texas.
This railroad spur in Virginia was used to log and transport white cedar trees. Piled logs are
stacked along the railroad ready for shipping, while cutover land is visible behind them. Further
down the track, standing virgin white cedar awaits the loggers.
82 100*
167
147*
35.6 26.9
40.5 49
147
217
0
50
100
150
200
250
300
350
Forest
Palm Plantation
Palm Plantation
Forest
Total Co2
Removal by
LULUCF
249.8 Total Co2 Emission
223.1
Total Co2 Emission
292.9 Total Co2 Removal
by LULUCF
247
Emission by LULUCF +
Agriculture (Rice)
Sectors
Emission by Others
Emission by Energy
Sector
MALAYSIAN OIL PALM PLANTATION IS CARBON
SINK
Land Use, Land Use Change and Forestry (LULUCF) is made up of Forestry and (Oil Palm) Plantation Sector
* Trend Estimate
CO2
MT
2000 2007
Parameter Area or %
Area of oil palms 5.08 mil ha
Malaysia’s agricultural land area 6.89 mil ha
World’s harvested oil seed area 252.83 mil ha
World’s agricultural land area* 5,660 mil ha
% of oil palm area against Malaysia’s agricultural land area
73.7%
% of oil palm area against world’s harvested oil seed area
2.1 %
% of oil palm area against total world’s agricultural land area
0.09%
Malaysian oil palm’s contribution (inclusive of CPKO) to global oils & fats
production
11.3%
Sources: Malaysian Palm Oil Board (2012), Oil World (2012) and * World Bank
Malaysian Oil Palm is
Land Conservation-friendly
In Malaysia, for every
hectare of oil palm
there is 3.68ha of
forest permanently
protected for
conservation of
biodiversity and
wildlife. Malaysia
commits to conserve
minimum 50 %
permanent forest
Covers 6 areas of Code of Practice:-
Nurseries
Palm Oil Estates
Palm Oil Mills
Palm Kernels Crushers
Palm Oil Refineries
Handling & Storage of Palm Oil, Palm Kernel
Oil and their products
Guidance to enhance sustainability of
the Malaysian palm oil industry
Malaysian Palm Oil Board: Code of Practice
”Zero Waste” Industry
10% oil 90% biomass
1) Land Acquisition Act 1960
2) Land Conservation Act 1960 revised in 1989
3) National Land Code 1965
4) Protection of Wildlife Act 1972
5) Environmental Quality Act 1974 (Environmental Quality) (Prescribed Premises) (Crude Palm Oil) Regulation 1977
6) Environmental Quality (Clean Air) Regulation 1978
7) Labor Law
8) Workers’ Minimum Standard of Housing & Amenities Act 1990
9) Occupational Safety & Health Act 1977
10) Pesticides Act 1974 (Pesticides Registration) Rules 1988
11) Pesticides (Licensing for sale & storage) Rules 1988
12) Pesticides (Labeling) Regulations 1984
13) Environmental Quality (Prescribed Activities) (Environmental Impact Assessment) Order 1987
14) Factories & Machinery (Noise Exposure) Regulations 1989
Highly-regulated industry
Subject to more than 50 laws and regulations
Malaysian Palm Oil Wildlife Conservation Fund
• Launched in 2006
• US$ 6 mil (RM 20 mil): 50% from the Malaysian palm oil industry
& 50% from the Government • MPOWCF welcomes donations & grants
• Recently launched the Elephant Sanctuary of Sabah
Corporate Social Responsibilities
With all its positive attributes, the oil palm
industry is subjected to certifications. Efforts to
improve the certification system include
introducing the Malaysia Sustainable Palm Oil
Standards (MSPO) , to ensure no monopoly.
Level Playing Field for Palm Oil
RSPO
Source RSPO website
UPTAKE OF RSPO PALM OIL
0
10
20
30
40
50
60
2008 2009 2010 2011 2012 2013* (Jan –May)
%
•In spite of low volumes of RSPO oil available in world
market (15%), demand is only lukewarm (maximum uptake
never exceeding 52%) over the years
•Yet more demands made to produce more RSPO palm oil
RSPO OIL FETCHES VERY LOW PREMIUM
•Low price premium and low uptake of RSPO palm oil indicate poor
demand by consumers. Calls by prominent manufacturers ,some
mentioning that by 2015, they will buy only RSPO palm oil put
unnecessary pressure on growers. Certification cost can be as high as
USD 50/tonne according to Morgan Stanley study.
•High certification cost can hinder smallholders participation in
market.
Areas of Opportunities for Malaysian Palm Oil –
A MALAYSIAN PRODUCT INNOVATION
The practice of frying foods to increase palatability and increase
consumer appreciation is rated among the top 20 innovations in the
food industry
National Academy of Science, Royal Society, United Kingdom, Sept.
2012
Innovation comes in many forms and all shapes and sizes!
7
8
16
7
7
13
14
15
27
43
51
72
87
26
62
62
15
28
23
18
47
38
18
4
55
26
21
71
57
54
54
9
10
2
3
3.5
10
1
1
8
1
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Natreon Canola AOM 42
Natreon Sun AOM 53
Low lin Soy AOM 20
Low Lin canolca (C5) AOM 30
Canola AOM 18
Sunflower AOM 14
Com AOM 25
Soybean AOM 15
Cotton AOM 25
Lard AOM 25
Palm AOM 50
Sats Oleic 18:1 Linoleic 18:2 Linolenic 18:3
Fatty Acid Profile & Oxidative Stability
Source:
OXIDATIVE STABILITY OF OILS
0 hrs.
10 hrs. 0
102030405060708090
0 hrs. 10 hrs. 15 hrs. 20 hrs. 25 hrs. 30 hrs. 40 hrs. 45 hrs. 50 hrs.
Lard Soya bean Palm Olein
Time taken for Peak Peroxide
Development
PV
or O
2 u
pta
ke
An animal fat such as lard, despite low linoleic acid has limited frying capabilities. Palm olein is highly stable and a blend of olein with soybean oil may help provide better frying characteristics and consumer acceptance.
Oil hours FFA % Smoke point ˚C
Viscosity (CP)
Polymers % Foam Index *
Peanut Oil
0 0.02 235 50 0.2
82 0.28 229 102 12.6 10.2
Palm olein
0 0.03 222 49 0.4
82 0.32 182 72 6.3 9.4
Longer shelf life of fried food with no rancid or off flavors produced for longer period as compared to other oils. Fried Packaged Products: Minimum of 6 to 12 months shelf life, therefore can stay much longer on the shelf as compared to foods fried in other oils.
Palm Olein is Superior To Peanut Oil For Deep Frying
PALM OIL FRACTIONS WITH DIFFERENT IODINE VALUE RANGES FOR FOODS
Palm Oil
IV 51 - 53
Olein
IV 57 - 59
Super Olein
IV 64 - 66
Top Olein IV 70 - 72
Soft PMF
IV 42 - 48
Hard PMF IV 32 - 36
Hard Stearin
IV 32 - 36
Soft Stearin IV 40 - 42
Super Stearin
IV 17 - 21
Various tailor made fractions from palm are ideal for direct applications or
as blended products throughout the food and frying industries.
What Happens When A Population Is Exposed To Palm Oil As The Primary Dietary Fat Consumed Over 20 Years
Results from an on-going Collaborative Population
Study (Unpublished, 2013)
National University of Malaysia and MPOC
Sundram et al. 2013
SUBJECT CHARACTERISTICS
Subjects
characteristics
Females
(n=133) Males (n=73)
Mean ± SD Mean ± SD
Age (yr) 41.35 ± 12.31 39.70 ± 12.676
Weight (kg) 58.76 ± 10.59 68.70 ± 13.39
Height (cm) 156.32 ± 6.1 165.57± 20.0
BMI (kg/m2)
24.36 ± 5.08 24.17 ± 4.19
Waist Circumference
(cm) 79.4 ± 11.17 84.60 ±12.99
Body Fat (%) 32.89 ± 6.13 24.68±6.12
Sundram et al. 2013
% DISTRIBUTION AND USE OF
COOKING OIL IN DAILY DIET
Canola, 0.6 Corn, 3.6 Olive, 0.6
Palm,
81.7%
Rice Bran
Oil, 0.6 Sunflower, soya,
etc. , 13%
Canola
Corn
Olive
Palm
Rice Bran Oil
Sunflower
Sundram et al. 2013
LDL particle size is a crucial
determinant of CVD risk.
Small LDL particles are the most
atherogenic
How diet influences LDL size is an active
on-going research question, largely still
unexplored!
Lipoprotein Particle Size unit
Palm Oil
Group Other
PUFA Oils P value
Total LDL nmol/L 1131±374 1116±416 NS
Large LDL nmol/L 181±87 181±121 NS
Medium
LDL nmol/L 542±249 577±249 NS
Small LDL nmol/L 407±340 357±363 NS
Total HDL µmol/L 31±5 29±3 p=0.04
Small
HDL µmol/L 16±5 13±4 p=0.01
The long term (>20 years) consumption of palm oil has similar effects as PUFA oils on LDL particles but on HDL particles, palm oil has a beneficial outcome not seen with PUFA oils.
Sundram et al. 2013
r-value p-value
Total LDL 0.206 0.025
Large LDL 0.056 0.547
Medium LDL -0.171 0.062 Small LDL 0.314 0.001
CORRELATIONS: CARBOHYDRATE INTAKE AND LIPOPROTEIN PARTICLE SIZE
Sundram et al. 2013
In our regular diet, it is the carbohydrate content rather than fats that
trigger adverse outcomes for LDL particles and coronary heart disease.
Total LDL 0.053 NS
Large LDL -0.044 NS
Medium LDL -0.185 0.05
Small LDL 0.188 NS
CORRELATIONS: FAT INTAKE (PRIMARILY PALM OIL) AND LDL PARTICLE SIZE
Sundram et al. 2013
Fat consumption is the form of palm oil had no adverse outcomes on LDL
particles after >20 years consumption
CONCLUSIONS
CONCLUSIONS Malaysiapalm oil will be the source
of affordable, healthy and sustainable supply of oils & fats in the USA and the the rest of the world USA continues to rely on imported
palm oil to formulate trans free fats products and obtain triple benefits of improved saturates, less trans and better functionality
CONCLUSIONS Solution Provider: Consumers get
strategic solutions from palm oil: Sustainable supply, low carbon foot print, food security, trans-free, cholesterol reducing products and competitive prices