Market Highlights
Indian Vegetable Oil Imports: Emerging Trends and Implications
In the uncertain web of global commerce, the dynamics of Indian vegetable oil imports serve as a barometer for both domestic demand and international market shifts. A meticulous examination of the trends witnessed during the year 2023 provides valuable insights into the evolving landscape of the ind...
Significance of Kenya as the Eastern Hub for Malaysian Palm Oil
Kenya, often referred to as the economic, commercial, and logistics hub of East Africa, has experienced consistent growth and transformation over the years. According to World Bank data, its Gross Domestic Product (GDP) in 2022 was approximately 113.42 billion US dollars, making it the third-largest...
Analysis of Oils and Fats Segmentation in India; Projections for The Near Future
Food for thought The food market in India is a vibrant and dynamic industry that caters to the diverse tastes and preferences of its vast population. With robust revenue figures and impressive growth rates, the sector offers immense potential for further expansion and innovation. India’s ever-expand...
Analyzing the Surge in Indian Vegetable Oil Imports: Global Dynamics, Price Spreads, and Seasonal Shifts
The International Monetary Fund (IMF) presents a global economic forecast that, while cautiously tempered, offers a perspective of resilience. Although the expected global growth in 2023 and 2024, at 3% and 2.9% respectively, is below the historical average of 3.8% over the last two decades, it̵...
Potential of Enhancing Exports of Malaysian Palm Oil Through the UAE
Introduction The United Arab Emirates (UAE) is a strategic hub in the Middle East, offering numerous opportunities for Malaysian palm oil industry players. As a global logistics and re-export centre, Dubai plays a pivotal role in connecting diverse markets in many continents. With its state-of-the-a...
Despite all the rhetoric, German palm oil imports are actually growing
According to numbers published in July 2023 by UFOP (the German Union for the Promotion of Oil and Protein Plants), the 27 member states of the European Union (EU-27) imported just under four million tons of palm oil from July 2022 to the end of June 2023. That is around 934,000 tons, or 19 % l...
Opportunities for Palm Oil in South Korea’s Growing Prepared Foods Market
South Korea is one of the most vibrant and highly developed countries in the Asia Pacific region. It also the fourth largest economy in Asia, and the twelfth largest in the world. The South Korean economy is characterised by a robust industrial base, technological advancements, and an export-oriente...
Industry Insight into Mexican Oleochemical Industry
Oleochemicals are chemical compounds derived from natural oils and fats such as palm oil, coconut oil, rapeseed oil, and tallow. These compounds are used in a wide range of applications, from the manufacturing of beauty products to the production of soaps and detergents, to the formulation of animal...
Saudi Arabia’s Animal Feed Industry: Opportunity for Malaysian Palm Oil
Background Saudi Arabia has experienced a major transformation since King Salman bin Abdulaziz Alsaud ascended the throne in 2015. Together with his Crown Prince, the popular Prince Mohammed bin Salman, he has transformed the Kingdom’s economic and social sectors. Ever since, Saudi Arabia has been r...
Global Movement against Trans Fat: The Growing Trend of Restriction and Reformulation
Cardiovascular diseases (CVDs) encompass a range of conditions affecting the heart and blood vessels, including heart attack, stroke, and various other related ailments. They are the leading cause of death globally, claiming an estimated 17.9 million lives each year. One of the risk factors for CVDs...
