Market Highlights
Impact of Demand and Imports of Palm Oil in West Africa Amidst the Convid-19 Pandemic
The rapid spread of COVID-19 and actions to contain the virus have understandably drawn parallels with previous outbreaks, in particular that of Ebola in West Africa in 2014. As of March 30, the African Union has reported there were just over 4,000 case of Covid-19 in Africa. In West Afr...
Vegetable Oils Scenario As COVID-19 Locks Down India
The country waits with bated breath on the progress of COVID-19 virus into India’s entrails. As a country, we are said to be in third stage of the progress of the virus, where exponentially huge number of cases are predicted to erupt. With this as the backdrop, we need to look at the edible oil [&he...
Lower Oilseed Stocks in China Support Margin and Triggered Import & Crushing
As reported by Oil World, the significant oilseeds import volume in Oct/Feb 2020 was meant to replenish the dwindling oilseeds stock in the country towards the end of last year (Table 1), as the US-China trade dispute and China-Canada diplomatic tension both affected the supplies of soybean and rape...
China’s Reviving Economy and The Demand of The Palm Oil
China has managed to arrest and contain the spread of the COVID-19 pandemic outbreak in a very effective manner. The is evident from reports by the Chinese authorities the shape of the pandemic and the small number of cases reported outside Hubei and is also a testimony to the success and the effect...
Pakistani Demand on Track Despite Covid-19
Major cities in Pakistan have been under lockdown since the third week of March to curb the spread of coronavirus. As of April 2, the total reported cases in Pakistan have exceeded 2300 with 32 deaths so far. Since Pakistan was among the countries where Covid-19 spread started in the second phase, t...
Big Drop in US Ethanol Prices
US ethanol prices have fallen to its lowest level in 17 years, according to a video from QuickTake by Bloomberg on ‘US Ethanol Producers See Prices Fall to Record Low as Demand Plummets’. S&P Global Platts reported that ethanol trading on Chicago’s Argo Terminal reportedly closed at USD 0....
China Soybean Crushing Capacity Moving Up North
Last year, due to the African Swine Fever (ASF) outbreak, crushing activities, especially soybean crushing, had experienced a negative growth for the first time in history. In general, China’s soybean crushing capacity has been growing rapidly since the late 1990s as a result of various policies imp...
MCO in Bangladesh Threatens Ramadan Demand for Oils & Fats
COVID-19 came as a havoc on oils and fats market of Bangladesh. Since Ramadan, the peak consumtion vis-à-vis import period of oils and fats in the country, is ensuing, refiners, importers and traders were ready for a bumper business and were prepared themselves accordingly. Importers cum refiners ha...
Key Issues Affecting Palm Oil in the EU and in EU Member States in 2020 and beyond
The following are the key issues affecting palm oil in the EU, in EU Member States and in other European countries during 2020 and beyond. 1. The EU’s Renewable Energy Sources Directive The key development in 2019, and which will likely continue to play an important role in the 2020 and beyond, is t...
Coronavirus implications on Egypt
Egypt’s Ministry of Health announced the total infected cases as of 25 March 2020 is 456 cases, including 95 cases that have been cured and discharged from hospitals, and 21 deaths. As at today, several preventive measures has been taken to combat the spread of the new virus including suspending int...
