Market Highlights
Would China gain from the excess CPO due to lower biodiesel mandate in producing countries?
For China, RBD Palm Olein (RBD PL) and RBD Palm Stearin (RBD PS) are the 2 major palm fractions predominantly imported by the country due to the applicable import duty structure. Both products have an estimated basic demand of 3.5-4.0 million MT and 1.5-1.7 million MT per annum respectively. Neverth...
Opportunities for Palm Oil in Central Eastern Europe
The following are most often referred to the countries of Central Europe: Austria; Hungary; Germany; Liechtenstein; Poland; Slovakia; Slovenia; Switzerland. Eastern Europe according to the UN Statistics Division: Belarus; Bulgaria; Hungary; Moldova; Poland; Russia; Romania Slovakia; Ukraine; Czech R...
Impressive Increase in 1st Quarter, 2020 Imports of MPO in Bangladesh
During Jan.-Mar. period of 2020, the import quantity of MPO showed a stunning performance achieving 121.12% growth compared to the corresponding period of 2019. Total import quantity of MPO, which includes bulk and consumer packs both, was 29,893 tonnes against 13,519 tonnes in the 1st quarter of 20...
Outlook for Palm Oil Demand in the Indian Subcontinent Region – Q2 2020
The South Asian countries in the Indian subcontinent region are important export destinations for Malaysian palm oil. At the end of 2019, MPO exports to this region registered an unprecedented record of 5.75 million MT, an increase of 36.3% from what had been achieved in 2018. The feat was largely a...
Outlook of Malaysian Biodiesel Mandate in 2020
COVID-19 pandemic has spread to over 190 countries and is having a noticeable impact on global economic growth. Based on the Organization for Economic Cooperation and Development (OECD) estimates so far, the virus could trim global economic growth by at least 0.5% to 1.5% but could rise to 2.0%...
The Impact of the COVID-19 Crisis on Palm Oil Trade and Consumption in Germany
Germany reported its first COVID-19 cases during January 2020. As of April 22, 2020, the Robert Koch Institute, an independent federal authority under the German Federal Ministry of Health, counted a total of 141,672 COVID-19 cases and 4,404 deaths due to COVID-19. Almost 70 percent of the cases are...
China’s Palm Oil Import – Q1 Performance and Q2 Outlook
China is among the largest importers of palm oil in the world and has a major influence on the supply and demand dynamics of this commodity . The official data from Chinese Customs in table 1 illustrates that China has decreased its overall palm oil import from 1,171,500MT to 882,200MT in Jan-Feb 20...
US Food Industry Trends in 2020
United States maintained its status as Malaysia’s top export destination to the Americas region. Malaysia’s palm oil export to the US in Jan-March 2020 amounted to 162,348 MT, increasing by 16,205 MT or by 11% compared to the same period in 2019. US ranks as the fifth largest export destination for ...
Impact of Covid-19 Restrictions on South American Soymeal Prices
Oil World, 27 March 2020 reported that prices of soymeal from Argentina and Brazil have jumped up and now becoming the price leader. The strength in soymeal prices are caused by the following reasons:- Restricted Movement: Soybeans transportation to domestic processors is now impeded by movement res...
Palm Oil Demand Stable in South Africa Amidst COVID 19
COVID 19 is currently developing in Africa with many countries affected in the region. With the spread of the pandemic, many governments in the region have announced lockdowns in the effort to curb the spread of COVID 19. Economic repercussions and uncertainty were felt across the continent as the d...
