Market Highlights

Market Highlights

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 ...

Latest Policy Change on Soybean Meal Use in Animal Feed in China May Improve Palm Oil Demand

1.  Development of China’s Animal Feed Industry The development of China’s animal feed industry started in the 1970s, and by 2011, its output surpassed the United States and ranked first in the world, accounting for about 17% global animal feed production. In 2020, the animal feed produc...

Algeria Oils and Fats Market Perspective; Implications on Palm oil

Market Overview The global oils and fats growth is directly linked to population growth and market size is growing as oils and fats. In Algeria, oils and fats are considered as an essential ingredient in Algerian cuisine and homemade meals for all households. However, the COVID-19 pandemic had quite...

Taking the fork in the road: time for Malaysian palm oil to rethink Europe

US- baseball star Yogi Berra, who retired in the mid-1960s, is famous the world over for his weird aphorisms, known as Yogiisms. One of them states: “If you come to a fork in the road, take it!” In many ways, this seems to aptly describe the situation palm oil is facing in Europe. After ...

On the Great Road from East to West

Kazakhstan and Uzbekistan are two countries located on the trade route from China to Europe, in the center of the vast territory formerly known as the Russian Empire. In the vastness of the former Empire, today there are many independent states united by economic and political alliances. One of such...

Iran : Potential Market for Malaysian Palm Oil

Introduction İran is located in Western Asia. İt has border at northwest by Armenia and Azerbaijan, at north Caspian Sea, at northeast Turkmenistan, at east Afghanistan, at southeast Pakistan, at south Persian Gulf and at the west Turkey and İraq. Population of İran is about 83 million, the most pop...

Potential for Malaysian Palm Oil in Sub-Saharan Africa Emerging Markets

Sub-Saharan Africa consists of 46 countries and more than 1 billion population. According to the MPOB data, there are 43 importing countries and territories of Malaysian palm oil from the region. Market conditions and requirements vary between countries in the region but the two major factors that d...

Can Mexico achieve self-sufficiency in palm oil production?

For many years, Mexico remained a net importer of oils and fats. Domestic productions of oils and fats are insufficient to meet the demand of the large population. Last year, Mexico produced 2.25 Mn T of oils and fats which meet about 65 percent of the domestic demand. Soybean oil production constit...

Vanaspati & Shortening Industries of Bangladesh – Loyal Consumer of Palm Oil

There are 4 major sectors in Bangladesh, namely household consumers, vanaspati & shortening industries, food processing industries and HORECA sector and these 4 sectors together are consuming almost 100% of annual consumption of 1.5 million tonnes of palm oil. Current annual production quantity ...

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