Market Highlights
Emerging Markets: Potential Markets to Explore in the Middle East
Covid-19 has taken thousands of unfortunate lives and currently infecting millions of people globally, but other than lives, it affects everything from the economy to lifestyle. The situation is made worse for the Middle East region as global crude oil prices fell to its 20-years low from weak deman...
Emerging Markets: Opportunities for Palm Oil in Algeria
Introduction: Algeria is a predominantly liquid market and is a net importer of oils and fats, it produces only 9.2% of its requirements of around 915.4 thousand MT per annum. Requirements are largely met by imports of oils and fats mainly of soybean oil, followed by palm oil and sunflower oil. Unti...
India Tackles Covid-19 Fallout
The COVID-19 crisis has roiled the economy of India, like most other economies around the world. Figures of unemployment released as of April 2020, at 24%, paint a frightening picture. Besides fighting the challenges of the Covid-19 pandemic on the health of its people, the Government Of India ...
Sunflower Oil Gaining Popularity among Chinese Consumer
Introduction In 2019, sunflower oil import in China increased significantly by 74.8% to 1.23 million MT, overtaking soybean oil as the 3rd highest imported oil in the same year, which saw the consumption of sunflower oil surging to 1.36 million MT. Although this volume is insignificant compared to o...
Emerging Markets: Opportunities for Palm oil in Asia Pacific Region
Palm oil is the most important commodities for Malaysia. According to the Department of Statistics, palm oil holds a 2.8% share in the Malaysian GDP in 2018. It is well received and sold into more than 160 countries globally. In the global palm oil market, Malaysian palm oil (MPO) is always pl...
What Might the “New Normal” be for Palm Oil in the EU?
In the fight against the Coronavirus, members of the European Union (EU) seem to be looking out for themselves first. More so than the financial crisis of 2008, the virus has created a common threat. But the responses are inward-looking: closed borders between EU states. Export restrictions for crit...
Palm Oil Demand Outlook in the Philippines for 2020
Philippines maintained its position as the top importer of Malaysian palm oil in the ASEAN region. In 2019, the country imported 1.3 million tonnes of oils and fats and palm oil is the major imported oil with the share of 81% which equal to 1.04 million tonnes. As for local production, Philippines i...
Summary of the Webinar on Mitigating the Impact of Covid-19 on Malaysian Palm Oil Trade
MPOC hosted a webinar on ‘Mitigating the Impact of Covid-19 on Malaysian Palm Oil Trade’ on May 12, 2020. This webinar was moderated by Datuk Dr. Kalyana Sundram, CEO of MPOC. The distinguished panellists included Datuk Nageeb Wahab, CEO of MPOA; Mr. Mohd Haris Arshad, Managing Director of Sime Darb...
What does Brexit mean for Malaysia and palm oil?
On January 31, 2020, the United Kingdom (UK) left the European Union (EU), thus regaining its sovereignty. According to the UK’s Prime Minister Boris Johnson, this also involves re-emerging “as a campaigner for global free trade.” What implications for palm oil and Malaysia are thi...
Emerging Markets: Uzbekistan’s Palm Oil Potential
Background Uzbekistan is Central Asia’s biggest market both in terms of economy and population. It is strategically located in the heart of the region with land border spreading over 6,893 kilometres with Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan. Despite being a double landlo...
