Market Highlights
Worsening Covid-19 Situation in Pakistan to Affect Palm Oil Imports
Pakistan has seen the corona virus cases explode since the beginning of June witnessing consecutive days of highest daily recorded cases and deaths across the country. As of June 18, the total number of corona virus cases in Pakistan exceeded 160,000, placing Pakistan on the list of top 15 countries...
Near-Term Prospects of oil crop feedstock in the EU
In the EU Region, rapeseed is the dominant domestic crop which is primarily used as biofuel feedstock, food applications well as non-food applications. By pressing the seeds, a process known as crushing, the oil and cake are separated. The oil produced is used for cooking and food applications while...
Tight Soybean End Stock to Boost Soybean Prices
USDA estimated the 2020/21 US soybean ending stock to come in at 11.02 million MT, lower by 730,000 MT than its earlier estimate of 11.75 million MT. For the past three years, ending stock were pegged at 15.79 million MT in the marketing year of 2019/20, 24.74 million MT (2018/19) and 11.92 million ...
Emerging Markets: Palm Oil Growth Prospects in Kazakhstan
Background The Republic of Kazakhstan is located in Central Asia with the most western parts of it being located in Eastern Europe. It is the world’s largest landlocked country, and the ninth-largest country in the world, with an area of 2,724,900 square kilometres (1,052,1...
An analysis of the United States oils and fats market demand.
The flattening of the pandemic curve have encouraged U.S. states to initiate plans to start the lifting of restrictions put in place to combat the coronavirus outbreak, despite concerns raised by many public health officials and politicians. For many months, the COVID-19 pandemic is creating massive...
The Impact of COVID-19 on Palm Oil Demand in the EU
Europe is one of the continents worst affected by COVID-19, with over 1.3 million infections and more than 160,000 fatalities. Worldwide, 345,000 deaths had been reported as of 25 May 2020. All 27 member states of the European Union (EU) are affected by the corona crisis to varying degrees. Accordin...
Palm Oil Demand Scenario in China post COVID-19
China’s economy started picking its pace but not the demand for palm oil. The total import of palm oil (PO), rapeseed oil (RSO) and soybean oil (SBO) in Jan-Mar 2020 were 2.49 million MT, decreased by 7.34% as compared to the same period last year, where drop-in PO was the main factor contributing t...
Kenya expected to increase palm oil imports in the coming months
On 8 April 2020, Kenyan President Uhuru Kenyatta has announced a 21-day restricted movement orders in Nairobi, Mombasa, Kilifi, and Kwale in its effort to combat COVID 19 spread and has since extended the order until further notice. Fortunately, the movement of food supplies and other essential carg...
Covid-19, Prospects of Demand Recovery in Russia
Russia’s consumer rights watchdog Rospotrebnadzor reported the first two cases of COVID-19 on January 31, 2020. Both are Chinese citizens[1]. As of May 20 Russia, confirmed 8764 new cases, signaling a slowdown in spreading of coronavirus. As one of the most affected food industries look forwar...
Forecast on Import Trend of Oils and Fats in Bangladesh During May – June, 2020
Due to COVID – 19, consumtion vis-à-vis import of edible oils have declined significantly, like many other commodities. Until April 2020, total 566,771 tonnes of palm oil was imported in the country registering a marginal decline by 1.55% compared to the corresponding period of 2019, whereas import ...
