Market Highlights
Positive Palm Oil Outlook in East – Suez Region (Jan – Jun 2021)
1. İntroduction The East of Suez region consists of 13 countries, i.e. Armenia, Bahrain, Georgia, İran, İraq, Jordon, Kuwait, Oman, Qatar, S. Arabia, Turkey, UAE, Yemen and Syria. The population of the region is about 326 million and demand for oils and fats is significant. The East of Suez re...
Will Malaysia be able to weather the decline in palm oil exports to the United States
For decades the United States remained the largest market for vegetable oils, accounted for approximately 80% of volumetric share in North American vegetable oils market. US dominates the oils and fats regional market, owing to its high consumption and export of oils. Palm oil consumption consumptio...
Palm-based Oleochemical in Pakistan’s Booming Beauty and Personal Care Industry
Palm Oleochemical in Personal care and beauty products Palm oil, the most productive oil crop, is found in a wide range of personal care products, including liquid detergents, soaps, shampoos, lipstick, waxes, polishes, and make-up. The property of palm oil as versatile, chemically stable, productiv...
North Africa Ports Infrastructure – A Gateway to land-locked African markets
(Focus Markets – Djibouti, Somalia, Eritrea, Sudan & Ethiopia) The combined population of Djibouti, Ethiopia, Eritrea and Somalia and Sudan are almost 200 million people which accounts for 15% of the total African continent population. Geographically, the eastern most countries...
Impact of Minimum Support Prices on Indian Oilseeds
Agriculture, with 58% population dependent on it, continues to be India’s backbone. In 2020-21, agriculture constituted 19.90% of GDP up from 17.80% in 2019-20 on the back of reforms to improve production. Continuing land reforms, initiation of price support policies, introduction of new technologie...
Potential for Palm Oil in Korean Cosmetic Industry
Background In 2020, the market value of the global cosmetic industry dropped by 8% to USD460 billion compared to USD500 billion in 2019 due to the COVID-19 pandemic. Asia Pacific region is the leader of the cosmetic market in the world. China and Japan hold about 14.2% and 7.8% global share respecti...
RED II: Current Status of EU Member States and Its Impact on Palm Oil – Current & Future
In 2018, RED II was introduced as an amendment to RED I, which added a target of 14% use of renewable energy in the transport sector. However, EU adopted the Commission Delegated Regulation (EU) 2019/807, which stipulates the criteria for determining high-ILUC risk feedstocks for which a significant...
Market Potentials for Malaysian Palm Oil Products in Turkey
Malaysian palm oil (MPO) exports to turkey increased dramatically since the implementation of the Malaysia-Turkey Free Trade agreement (MTFTA) in 2015. A year before the FTA, Malaysia only managed to supply less than 80,000 MT of palm oil a year or 13% of the total palm oil imported by the country. ...
China’s Palm Oil Market Outlook 2021
China is one of the world’s largest importer of palm oil, however, its year-on-year palm oil import is highly dependent on local soybean crushing activities. Higher soybean crushing leads to more soybean oil produced. The resultant increase in locally produced soybean oil reduces the spread between ...
USA Palm Oil Outlook Amid Strong Domestic Soybean Crush
Soybean crush in the USA for 2021/22 season is expected to set a new record volume. The estimated soybean crush forecast by USDA is at 60.5 million MT, increasing by 2.3% when compared to the previous season. High soybean oil price is largely responsible for the big crush volumes, even as the ...
