Market Highlights
Complementing new forces of growth with effective supply chain
2020 came as a year like no other, new challenges arose and businesses must adapt to the new norms such as reduced physical connection, restricted movements and shifted in demand behaviour. The changes required companies to react fast and innovative and to some, it is a wakeup call to do busin...
Effects of Trade War and Trade Spats on Palm Oil Exports
Background Trade war and spats are high stake game which affects trade between the countries involved as well as their trading partners. The existing US-China trade war, China-Canada trade spat, India Malaysia trade spat and the new EU Delegated Act which imposes a trade restriction on palm oil expo...
Malaysian Palm Oil Sector Performance in 2020 and Market Opportunities
The year 2020 posed quite a challenge to the Malaysian palm oil industry. The industry’s overall performance last year was rather mixed. Compared to 2019, CPO production, palm oil stocks, exports, and imports of palm oil declined while total export earnings of oil palm products grew despite register...
Impact of Covid-19 on MPO Industry in 2020 – A Review
The Covid-19 pandemic has posed a major impact on vegetable oils demand, including palm oil. On the global level, the worldwide lockdowns called by many countries have resulted in the closing-down of businesses that include food preparation and the transportation industry. The new norm has changed t...
Overview of the Global Palm Oil Sector in 2020 and Outlook for 2021
Over the years, the global production of oils and fats has risen steadily. Out of 17 oils and fats cultivated in the world, only 4 oils have a significant share in the production oils and fats which are palm oil, soybean oil, rapeseed oil and sunflower oil. These four major oils contributed about 76...
Challenges Faced by Malaysian Palm Oil & the Way Forward
Palm oil remains one of the significant sectors in Malaysia’s economy and has been a critical contributor to the country’s socio-economic development. In 2020, the sector’s contribution to the Malaysian gross domestic product (GDP) was estimated at 3.7% (as of Q3), and the overall export reven...
Palm Oil Market Outlook within the Americas Region
The Americas region is one of the major consumers as well as producers of oils and fats in the world. Major oils consume in this region are mainly soybean oil, canola oil and palm oil. Palm oil is the largest imported oil into the region, accounting for approximately 30% of total oils and fats...
First Virtual POTS Digital 2021 Garners International Praise
Malaysian Palm Oil Council (MPOC) organized its first ever, virtual conference, Palm Oil Trade Fair & Seminar (POTS Digital 2021), from January 5 – 8, 2021. The Palm Oil Trade Fair & Seminar (POTS) flagship programme of MPOC was launched in 2006 with an objective to enhance the development a...
China’s Vegetable Oil Outlook and Palm Oil Situation
The rapid development of China’s economy and its implication on people’s living standards has been a catalyst in the growing consumption of edible vegetable oils. According to the China Bureau of Statistics, the per capita edible vegetable oil consumption has increased from 7.7 kg in 1996 to 9.8 kg ...
Outlook for Malaysian Palm Oil Exports to Asia Pacific Region (excluding China) in 2020
The Asia Pacific is one of the vibrant economic regions in the world. In 2019, the total GDP value of Asia Pacific was USD 11.55 trillion which is contributed about 13.2% to the global GDP value. The Asia Pacific includes several emerging countries like Indonesia, Malaysia, the Philippines, South Ko...
