In recent years, the palm oil industry has develop into a major global economic force, particularly in Southeast Asia. The region is home to among the largest palm oil corporations, which have played a key role in the event of the industry.
These leading palm oil corporations in Southeast Asia have large plantations in countries resembling Indonesia and Malaysia, that are the world’s largest palm oil producers and account for about 84% of total global production. Other countries resembling Nigeria, Thailand and Colombia are also major producers. The global palm oil market was valued at $67.3 billion in 2022 and is predicted to grow at a CAGR of 5.1% from 2023 to 2030.
The growing global demand for palm oil reflects the importance of this industry to the worldwide economy. The article discusses the biggest palm oil producing corporations in Southeast Asia. The data used comes from Yahoo Finance reports.
8. Golden Agri-Resource Ltd (E5H.SI)
The company has a diversified portfolio of 30 consumer brands and operates in 12 countries. Headquartered in Singapore, the corporate’s global network covers greater than 70 countries around the globe, including the United States, India, Europe, China and the Middle East. With 538,000 hectares of oil palm plantations and 49 mills, Golden Agri-Resources Ltd. is a serious player within the palm oil industry. As of March 2, 2023, Golden Agri-Resources Ltd (E5H.SI) had a market capitalization of $2.59 billion.
7. Posco International Corporation (047050.KS)
The company is a trading company based in South Korea. Its business portfolio includes energy, steel and agriculture. Posco International Corporation operates large oil palm plantations in Indonesia, where it obtains crude palm oil that’s then sold domestically or exported. The company’s palm oil plantation in Papua, Indonesia covers an area of 34,000 hectares and has a maximum annual production capability of 200,000 metric tons. As of March 2, 2023, Posco International Corporation (047050.KS) had a market capitalization of $2.96 billion.
6. PT Indofood Sukses Makmur Tbk (INDF.JK)
It is an Indonesian food and agribusiness company. The company’s plantations division manages 250,615 hectares of oil palm plantations across Indonesia, while its edible oils and fats division operates five refineries with an annual processing capability of 1.7 million tons of crude palm oil. About 81% of the edible oil produced is sold in Indonesia, the remaining is exported to countries in Asia, Africa, the Middle East and Australia. As of March 2, 2023, the market capitalization of PT Indofood Sukses Makmur Tbk (INDF.JK) reached $3.61 billion.
5. Kuala Lumpur Kepong Bhd (2445.KL)
It is a Malaysian company dealing in oil palm and rubber seedling plantations. It owns roughly 300,000 hectares of land in Malaysia, Indonesia and Liberia. The important crop on 97% of the corporate’s land is palm oil, with the remaining 3% growing rubber. As of March 2, 2023, Kuala Lumpur Kepong Bhd (2445.KL) had a market capitalization of $4.99 billion.
4. IOI Corp Bhd (1961.KL)
This Malaysian company operates in three important business segments, namely refining, oleochemicals and specialty oils and fats. IOI Corp Bhd owns two palm oil processing plants in Malaysia and operates 4 oleochemical plants in Malaysia and Germany. Its products are exported to over 70 countries around the globe.
3. Sime Darby Berhad Plantation (OTC:SDNF)
The company is an integrated plantation company headquartered in Malaysia with operations in over 90 countries. It produces a formidable 2.15 million metric tons of sustainable palm oil every year. With over 80,000 employees worldwide, Sime Darby Plantation Berhad is a serious player within the industry. As of March 2, 2023, Sime Darby Plantation Berhad (OTC: SDPNF) had a market capitalization of $6.57 billion.
2. Musim Mas Group
Musim Mas Group, with an estimated market value of $10 billion, is an Indonesian palm oil company operating in 13 countries around the globe. In 2012, the group was the primary within the palm oil industry to acquire 100% RSPO certification for all its plantations in Indonesia.
Additionally, Musim Mas was the primary within the palm oil industry to be verified by the Palm Oil Innovation Group (POIG) in 2019. In Indonesia, the corporate has facilities for growing and planting oil palm, plantations for the production of fresh fruit bunches, and mills for processing fresh fruit bunches (FFB) into crude palm oil and palm kernels.
1. Wilmar International Limited (F34.SI)
As of March 2, 2023, Wilmar International Limited (F34.SI) had a market capitalization of $18.28 billion. Wilmar International Limited has over 500 factories and a longtime distribution network in China, India, Indonesia and roughly 50 other countries and territories. As one among the biggest oil palm plantation owners on this planet, Wilmar International Limited has a complete plantation area of roughly 279,000 hectares in Indonesia, Malaysia, Uganda, Côte d’Ivoire, Ghana and Nigeria.
