Market Highlights
Pakistan – A Consistent Market for Malaysian Palm Oil
Malaysian palm oil exports, which were adversely impacted by the movement restrictions and lockdown implemented in major countries of the world to contain the spread of the pandemic are now gradually recovering. Food & HORECA are among the sectors which were the worst affected by the lockdowns a...
Sub-Saharan Africa 2nd Half 2020 Malaysian Palm Oil Outlook
Regions Jan-Jul 2020 (MT) Jan-Jul 2019 (MT) Diff. (MT) Diff (%) Jan-Dec 2019 (MT) West Africa 653,728 563,028 90,699 16.11 893,317 East Africa 498,779 309,583 189,196 61.11 680,525 Southern Africa 128,374 148,414 (20,040) (13.50) 216,926 Central Africa 121,361 131,024 (9,663) (7.37) 223,315 Grand To...
Free Trade Agreement (FTA) – Focus on Australia and New Zealand Palm Oil Demands
Australia With a population of 25.2 million, Australia consumed 844,100 MT of oils and fats in 2019. Rapeseed oil and palm oil are the main consumed edible oils with a share of 29% and 14% respectively. Rapeseed oil is the second largest produced oil in Australia after tallow and grease. In 2019, Au...
China: WTO Accession and ASEAN-CHINA Free Trade Agreement
Introduction China has undertaken various measures in the past to strengthen its economy. A major expansion of China’s global economic influence happened in 2001 when China took its first initiative to liberalize its traditional economy and become a member of the World Trade Organisation (WTO)...
Free trade agreement with Eurasian Economic Union: Prospects for Malaysia
Following the establishment of an FTA with Vietnam, the EAEU signed FTA agreements with Serbia and Singapore[1]. First we must have an overall picture of the Eurasian Economic Union (EAEU). This is an international organization for regional economic integration. It provides for free movement o...
Palm Oil Expansion in North America
FTAs in North America US, Mexico and Canada finalized a new trade agreement known as United States-Mexico-Canada Agreement (USMCA) that came into force on July 1, 2020. The USMCA replaced the North American Free Trade Agreement (NAFTA) signed in 1994 which was a trilateral trade bloc of the thr...
India’s Tryst with Trade Agreements
Globalization has seen the world become a neighborhood, impacting businesses in myriad ways. It allows easy access to goods and services from the best source, keeping costs down, and providing freer and cheaper access to consumers, trade and industry. With the world having shrunk, there is glo...
Trade Agreement with African Nations to boost Malaysian Market Share in Sub-Saharan Africa
Introduction Trade agreements are an excellent way to strengthen relationship between countries especially on the economic ties which gives each other market access to various products. There are several trade agreements / treaties in place for many years among African countries to encourage A...
Trade Opportunities within North and East Africa through Regional Trade Agreements
There is no direct trade agreement that exists between Malaysia and the major consuming countries in North and East Africa region, however, there are several agreements among the consuming countries in the region that can significantly benefit the Malaysian palm oil industry List of Trade agreements...
Enhancing Malaysian Palm Oil Trade with ECOWAS
In 2019, Malaysian total trade with countries in Sub-Saharan Africa totalled RM26.780 billion. The trade favoured Malaysia with a trade surplus of RM3.846 billion last year. South Africa, Nigeria, Ivory Coast, and Ghana are among Malaysia’s top trading partners and export destinations. Accordi...
