The outlook for Malaysia’s plantation sector remains tactically positive despite stagnant growth in oil palm output for 2025. Key highlights from the Malaysia Palm Oil Conference & Seminar 2025 include:

Key Insights and Updates: plantation sector

2024 Performance Review

Planted Area: Down by 0.7%, attributed to replanting activities and shifts to other crops like coconuts.

CPO Production & Yield: Increased modestly by 4.2% and 5.8%, respectively, but still below pre-pandemic levels.

Imports & Exports: Imports dropped (-71.8%) due to Indonesian tax structures, while exports rose by 11.7%, supported by improved local production.

2024 Global Market Position

Palm oil accounted for 30% of global vegetable oil production and 49% of the vegetable oil market share.

Malaysia retained a 24% share of global palm oil production, second to Indonesia (58%).

Traceability System (SIMS)

Sawit Intelligent Management System (SIMS): Enforced from July 1, 2024, to improve traceability across the supply chain.

Adoption: 87% of FFB dealers are registered, but only 60% are fully utilizing the system. MPOB aims for full compliance to address concerns related to EU Due Diligence Regulations (EUDR).

EUDR Compliance

Mills are being assessed for compliance with refinery feedstock requirements, including biogas capturing plants to reduce carbon intensity by 85-90%.

Challenges remain as some MSPO-certified mills are not recognized as EUDR-compliant by EU clients.

Outlook

The sector maintains a positive stance with an average CPO target price of RM4,300/mt in 2025, supported by ongoing efforts to enhance traceability, sustainability, and compliance with global standards.

Source: MIDF

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