Market Highlights

Market Highlights

Trade Opportunities within North and East Africa through Regional Trade Agreements

There is no direct trade agreement that exists between Malaysia and the major consuming countries in North and East Africa region, however, there are several agreements among the consuming countries in the region that can significantly benefit the Malaysian palm oil industry List of Trade agreements...

Enhancing Malaysian Palm Oil Trade with ECOWAS

In 2019, Malaysian total trade with countries in Sub-Saharan Africa totalled RM26.780 billion. The trade favoured Malaysia with a trade surplus of RM3.846 billion last year. South Africa, Nigeria, Ivory Coast, and Ghana are among Malaysia’s top trading partners and export destinations. Accordi...

Trade agreements & their impact on commodity trade

The impact of trade agreements on enhancement of trade flows is undeniable. These agreements or treaties are signed between two trading nations or among regional trading partners to lower trade barriers by reducing or removing tariffs, thus enhancing free flow of trade and giving preference to each ...

Leveraging on Malaysia – Turkey Free Trade Agreement for Strategic Market Access in the Region

Malaysia – Turkey Free Trade Agreement (MTFTA) was signed by YB. Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry, Malaysia, and Hon. Nihat Zeybekci, Minister of Economy of The Republic of Turkey on 17 April 2014 in Ankara, Turkey, after nine rounds of negotiations. The a...

Trade agreement with Nigeria, an avenue Malaysia should explore

Sub-Saharan Africa has been touted as the new frontier for the palm oil sector, and with good reasons. The region consumed an estimated 10.3 million MT of oils and fats in 2019. In addition, palm oil held a consumption share of 69% in the same year. Furthermore, the region’s population of 1 billion ...

Impact of Sustainability in China’s Palm oil Trade

China’s domestic consumption of palm oil has reached 7.2 million MT in 2019, which is approximately 9.5% of the total global production of palm oil. The imports and consumption of palm oil recorded a significant growth of 33% in 2019 (increasing from 5.4 million MT in 2018 to 7.2 million MT in 2019)...

Rise of MPO Market Share in Bangladesh – Making Investment Opportunities Lucrative

During Jan. – June period of 2020, the market share of MPO has increased significantly and has put Malaysia at a respectable position in the palm oil market share in the Bangladesh’s palm oil market once more. Price competitiveness of MPO compared to Indonesian suppliers contributed mainly in the sa...

ATIGA – Catalyst for Palm Oil Trade in ASEAN

ASEAN is one of the vibrant economic regions in the world. The member countries of ASEAN, which include Thailand, Laos, Cambodia, Vietnam, Malaysia, Philippines, Myanmar, Brunei, Indonesia, and Myanmar, have all shown strong GDP growth in the past years. Even during these testing times when the worl...

Lower Sunflower Seed Production In Romania To Spur Palm Oil Imports

With a total land area of almost 240,000 square km, Romania is the biggest country in the Balkan. It is very much an industrial country since overtaking agriculture as the main economic driver since 2007 when the country joined the European Union. With an agricultural land capacity of close to 15 mi...

Logistical Supports for Palm Oil Market Expansion in the United States

Market Background United States is the largest market for vegetable oils, accounted for approximately 80% of volumetric share in North American vegetable oils market in 2019. US dominates the oils and fats regional market, owing to its high consumption and export of oils. The future of US vegetable ...

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