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Vintage approach to forecasting palm oil production in Peninsular Malaysia

Ali Nordin, Ali Zulhusni and Ahmad, Siti Mashani and Mohamed Arshad, Fatimah and Mohd Noh, Kusairi and Mohamed, Zainal Abidin and Alias, Emmy Farha and Ng, Keng Yap and Idris, Nurjihan and Jabir, Nur Alina (2014) Vintage approach to forecasting palm oil production in Peninsular Malaysia. Oil Palm Indus­try Eco­nomic Jour­nal, 14 (2). pp. 16-26. ISSN 1675-0632

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Official URL: http://palmoilis.mpob.gov.my/index.php/opiej#artic...

Abstract

Oil palm is an important crop to the Malaysian economy. Due to its strategic significance there is a need to have a reliable estimate of the production of the commodity to facilitate decision-making by policymakers and industry participants. The vintage approach has been shown to be more efficient in taking into account the age of palms and their yield profile when estimating production compared with other methods. The study utilised the vintage approach adapted from Smit (2010). The findings suggest that the vintage model developed is capable of projecting as well as simulating the impact on the palm oil sector if a change or shock is injected into the system.

Item Type:Article
Keyword:Vintage approach; CPO forecast; Peninsular Malaysia; Agricultural policy; NKEA replanting policy
Faculty or Institute:Institute of Agricultural and Food Policy Studies
Publisher:Malaysian Palm Oil Board
ID Code:35160
Deposited By: Nurul Ainie Mokhtar
Deposited On:11 Oct 2016 10:51
Last Modified:11 Oct 2016 10:51

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