Market Highlights
Palm Oil, Looking Beyond The Pandemic
Before the country started limping back from the effects of the pandemic, another major event seemed to throw a spanner in the works. China made some incursions into Indian territory, resulting in a military confrontation and casualties on both sides. India was now faced with two major challenges, o...
China Palm Oil Market – Improving Malaysia’s Market Share
Introduction China’s palm oil imports have increased by almost 10 folds from 830,000 MT in 1992 to 7.6 million MT in 2019. During the same period, Malaysia’s exports also have grown 5 fold from 550,830 MT in 1992 to 2.49 million MT in 2019. Despite a significant increase in the volume of Malaysian p...
CPO Duty Exemption: Will Pakistan Buy More Malaysian CPO?
The recent announcement by the Malaysian government on the export duty exemption on palm oil has been lauded by many quarters. Exports of crude palm oil, crude palm kernel oil and processed palm kernel oil will all be exempted from duties from July through to December 2020. The move is part of the e...
Summary of MPOC & BMD’s Joint POINTERS
Malaysian Palm Oil Council (MPOC) and Bursa Malaysia Derivatives (BMD) collaborated to present a ‘Special Edition’ of POINTERS which was organized form 22 – 28 June 2020. This POINTERS featured presentations from an esteemed panel of 10 speakers who shared their views on on industry developments, pr...
Growth Avenues for Malaysian Palm Oil in Sub-Saharan Africa
Introduction Sub-Saharan Africa has always been a palm oil friendly region with 69% or approximately 7.1 million MT of oils and fats consumption being palm oil. Last year, this region imported a total of 2 million MT of Malaysian palm oil. Though palm oil is locally produced in this region, palm oil...
Palm oil Performance During COVID-19 in Egypt
The Egyptian government has started to adopt a coexistence strategy in the long-term to support precautionary measures while resuming services, businesses and economic activities. Egypt will resume international flights at all airports starting from July 1 amid preparations to resume foreign tourism...
Nigeria Palm Oil Demand Expected to Rise Post Covid-19
For Nigeria, Africa’s largest economy and biggest crude oil producer, the dual shock of the pandemic and a collapse in oil prices threatens to drive the country into a deep economic downturn. A crash in oil prices led the authorities to devalue the Naira in March, and further adjustments a...
African Continental Free Trade Area (AfCFTA) & its Impact on Edible Oil Trade
Background The African Continental Free Trade Area (AfCFTA) is a trade agreement encompassing the African continent. An initiative of the African Union (AU), the free trade agreement is set to be the largest in the world, with 54 out of 55 African countries had signed the agreement and as of July 20...
Palm Oil Demand Outlook 2020 in Vietnam
Vietnam is the second-largest importer of Malaysian palm oil in the ASEAN region. In 2019, the country imported 1.09 million MT of oils and fats, out of which palm oil was the major imported oil with a share of 87% (947,000 MT). Soybean oil and lard are the most produced oils and fats in Vietnam [&h...
Resilience of MPO Share in Bangladesh And Malaysian Investment Opportunity
MPOB data shows that export of MPO during Jan. – May period of 2020 to Bangladesh witnessed a significant growth to the tune of about 8 folds as compared to the corresponding of period of 2019 (Table – 1). Price competitiveness of MPO during the period contributed greatly towards this remarkable gro...
