Market Highlights

Market Highlights

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...

China Soybean Outlook after Inking the Phase-1 Trade Agreement with US

China – US trade phase one trade deal with China was signed and came into effect from February 15, 2020. Under this agreement, China has agreed to purchase an additional US$12.5 billion worth of US agricultural products in 2020, and US$19.5 billion more in 2021. Following the signing, China is accep...

Summary – “Port SOPs During Covid-19 Pandemic – Nightmare for Logistics Operations”

The rapid spread of Covid-19 pandemic has prompted many nations and governments to adopt a protective and preventive approach on all forms of transports, including ocean vessels, to curtail the exposure and spread of this virus. This is bound to create anxieties, uncertainties, disruption, and appre...

COVID-19 Impact on US Soybeans Industry

COVID-19 has created certain impact on exports and supply chain of US soybeans. This pandemic is causing delay in the fulfilment of phase one purchase targets between US and China. With the phase one trade deal with China in effect since February 15, agricultural experts fear the coronavirus outbrea...

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...

Stay In Touch

Stay In Touch