Market Highlights
China’s Palm Oil Market Outlook 2022
China’s import of palm oil in the first quarter of 2022 fell sharply by 65.7%, or 971,800 MT to 506,900 MT from 1,478,700 MT in the same period last year. Major factors which contributed to the decline in imports included Indonesia’s policies to curb domestic palm oil price hikes and the tight glob...
Opportunity for palm oil intake to increase in Turkey
Introduction As the most consumed vegetable oil, sunflower oil is the popular oil in Turkey especially for household consumption and based on statistics is continuing to increase. The higher sunflower oil consumption is mainly due to the increase in population and the lack of affordably-priced alter...
Recent Improvements on Infrastructure has Eased the Movement of Goods in East Africa
Africa in the past decade has become the choice of many international investors. The continent’s extensive number of natural resources, strong population growth, young and increasingly educated workforce, more stability in terms of governance in recent years, and more prospects for economic growth h...
Change in Composition of Palm Oil Products Imported by China
Introduction According to statistics released by Chinese Customs, China’s import of palm oil in 2021 recorded a marginal drop of 1.3% or 84,400 MT against the previous year. The drop didn’t come as a surprise despite the Y-o-Y growth of 23.6% recorded in the first 6 months of 2021,...
Ukraine, war, and global oils & fats markets
This article provides a brief overview of Russia’s attack on Europe’s breadbasket for agricultural markets in general and oils & fats in particular. From breadbasket to a disaster zone The main facts about the Ukrainian agricultural sector, according to the U.S. Department of Agricul...
Impact of Global Prices on Indian Vegoils Imports
To cater to the consumption demands of edible oil, India is constrained to import. Two thirds of the demand is met by imports. Palm oil accounts for around 60-65% of the total imports. Though India’s edible oil imports fell and domestic availability increased during the financial year 2020-21, the i...
The Russia-Ukraine War Impact on Egypt’s Food Supply; Emphasis on Oils and Fats
1. Economic effects of the Russia-Ukraine war on Egypt Though the risk to Egypt’s economy is severe, the country is in a much stronger financial position. In the first half of the fiscal year 2021-22, Egypt’s economy grew by 9% and growth is projected to exceed 6% for the entire fi...
Russia-Ukraine Conflict and its Impact on the Regional Edible Oil Market
“I saw that you could not separate the idea of commerce from the idea of war and peace. You could not have a serious war anywhere in the world and expect commerce to go on as before. And I saw that wars were often caused by economic rivalry. I thereupon came to believe ...
Sub-Saharan Africa: Oils & Fats Situation 2021 & 2022 Forecast
Overview of oils and fats situation in SSA Sub-Saharan Africa is a commodity driven economy with agricultural products, minerals, natural gas, including automotive manufacturing, and financial services. With 1.14 billion population and continuous growth, this region is a net importer of oils and fat...
China’s cosmetic and personal care market – Growth sector for palm-based ingredients
China is the second-largest cosmetic and personal care market in the world after the United States in terms of market value. The market size for China’s cosmetics and personal care industry has been steadily expanding particularly for skincare and cosmetics products. This is primarily driven by the ...
