Market Highlights

Market Highlights

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...

Impact of Covid-19 On Indian Vegoils Business

COVID-19 has wormed itself into the consciousness of people around the world. It has laid bare the boundaries created by men. In its rampage across the globe, it has brought the high and mighty to their knees. India has been a late entrant to the visitations of this virus. Almost all those afflicted...

Government of India Relaxes ‘Certificate of Origin’ Conditions

Below notification was issued by Ministry of Commerce and Industry, Department of Commerce Directorate General of Foreign Trade, Government of India on March 28, 2020. This notification recognises the fact that Government of India will not be able to issue Certificates of Origin (COO) in view of the...

Food Industry Likely to Maintain Palm Oil Imports in Turkey

The Republic of Turkey has been tested with geopolitical issues since 2018 that has seen a severe drop in its economy, mainly reflected in depreciation the Lira. However, by Q4 2019, things are looking to be positive for Turkey, heading into the new year with analysts anticipating a recovery in 2020...

USA Renewable Energy Producers Hit Hard by the Corona Virus Pandemic

In his recent Seeking Alpha article, analyst Tristan R. Brown highlighted that U.S. oil refiners and other fuel producers have seen their market capitalizations mostly wiped out in recent weeks as the COVID-19 pandemic has taken hold in the U.S. The market is clearly concerned that an extended perio...

Demand for oleochemicals will be key driver to support palm oil prices

Oleochemicals are mainly derived from animal fats and greases like tallow or vegetable oils and fats like palm and coconut oil, fatty acids are mainly used in cosmetics and toiletries, as well as for the production of lubricants and plasticizers in rubber and polymer processing. The current Covid 19...

GCC Challenges in the First Half 2020

Middle East market comprises of 15 countries with the population of 320 million people.  Most of the countries in the Middle East region are dependent on petroleum as their source of revenue. Six of them are the major oil producing countries formed an intergovernmental institution known as the Gulf ...

Plan to boost oilseed crops in Pakistan

Despite being an agriculture-based economy, Pakistan is heavily reliant on the import of edible oil and oilseed to meet the annual requirements of oils and fats. The total consumption of oils and fats in Pakistan has exceeded 4.5 million MT out of which the share of indigenous oilseed crops is appro...

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