Market Highlights
Covid-19: Disruptions and a dilemma for Essential goods Manufacturers in India
In response to the fast spreading COVID-19, the Govt of India has been taking several steps to mitigate the problem. With other efforts not producing the desired results, the federal govt and many states as well, have now taken drastic steps, almost bordering on a complete lockdown. Among other acti...
EU adopts temporary economic measures during COVID-19 outbreak
In a response to the current double whammy of low crude oil prices and COVID 19 outbreak which resulted in global economic slowdown, The European Central Bank launched 750 billion euro emergency bond purchase scheme in a bid to stop a pandemic-induced financial rout from shredding the euro zone’s ec...
Malaysian Palm Oil Export (Jan-Feb 2020) Grow in South Korea despite Of COVID-19 Scare
COVID-19 pandemic has made a big impact on the world economies. World leading economic powerhouse such as South Korea is also not spared from it claws. South Korea is the top 10 countries most affected by COVID-19. According to USDA Market Specialist, Sang Yong Oh, the COVID-19 outbreak has had a si...
Sub-Continent Region – Covid Update
The latest apprehension of the coronavirus is fast spreading across the world. The virus better known as Covid-19 is rapidly becoming an economic pandemic and the outbreak has since resulted in the drying up of palm oil demand particularly in China, where the outbreak first originated. This will cer...
How will crude oil price slump impact Nigeria
Market Background Nigeria is the largest consumer of palm oil in Africa with a population of 196 million people (World Bank, 2018). The nation consumed approximately 3 million MT of fats and oils in 2019, with palm oil accounting for 77.6% of the market share or 2.33 million MT (Oil World, 2019). In...
Permission granted to plantation industry to resume operations – MPOA Statement
Please advised that the Cabinet after deliberating the appeal from the industry as well as the smallholders’ fraternity, has consented to allow the plantation industry to resume operations during the Covid-19 restriction movement order period, with immediate effect.
Palm oil skids on Covid-19
The month of February 2020 was punctuated by two disparate events which could have a telling effect on trading in palm oil. The first was the outbreak of coronavirus in Wuhan province of China. It has spread to close to 100 countries, afflicting every continent on earth except Antarctica. The ...
Crash of Crude Oil Market and its Impact on Oils & Fats
An analysis of the impact of Covid-19 and the crude oil price crash on global markets and the oils and fats industry Click Here To Download Paper *Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its ac...
