Market Highlights

Market Highlights

China’s Growing Bakery Sector – Opportunities For Palm Based Fats

China’s population stood at 1.4 billion in 2020. With the large population size demand for bakery products is huge. In 2020, China consumed close to USD50 billion worth of bakery products. There is potential for the consumption of bakery products to grow attributed to the country’s rising middle cla...

Bangladesh Food Industry – Continuous Growth and Growing Potential for Palm Oil Consumption

Bangladesh has emerged as one of the economic powers in South Asia. According to October 2020 report by International Monetary Fund (IMF), the country has overtaken India in terms of per capita GDP scoring US$ 1,888. Just five years ago, India’s per capita GDP was around 40% higher than Bangladesh. ...

Current Status and Development Trends of Animal Feed Industry in China

Overview of Global Animal Feed Industry As the population grows and life quality improves, meat consumption has been witnessing a steady increase. The global animal feed production is also expected to continue to maintain the upward trend to cater to the demand. Growing concerns for healthy foods am...

Fuzzy numbers: are German palm oil imports falling or rising?

The statistics published by industry analyst Oil World ISTA Mielke GmbH (headquartered in Germany) show palm oil imports into Germany to have dropped drastically over the past five years. That contrasts with overall exports of the commodity to the European Union (EU) and thus begs the question: what...

Complementing new forces of growth with effective supply chain

2020 came as a year like no other, new challenges arose and businesses must adapt to the new norms such as reduced physical connection, restricted movements and shifted in demand behaviour.  The changes required companies to react fast and innovative and to some, it is a wakeup call to do busin...

Effects of Trade War and Trade Spats on Palm Oil Exports

Background Trade war and spats are high stake game which affects trade between the countries involved as well as their trading partners. The existing US-China trade war, China-Canada trade spat, India Malaysia trade spat and the new EU Delegated Act which imposes a trade restriction on palm oil expo...

Malaysian Palm Oil Sector Performance in 2020 and Market Opportunities

The year 2020 posed quite a challenge to the Malaysian palm oil industry. The industry’s overall performance last year was rather mixed. Compared to 2019, CPO production, palm oil stocks, exports, and imports of palm oil declined while total export earnings of oil palm products grew despite register...

Impact of Covid-19 on MPO Industry in 2020 – A Review

The Covid-19 pandemic has posed a major impact on vegetable oils demand, including palm oil. On the global level, the worldwide lockdowns called by many countries have resulted in the closing-down of businesses that include food preparation and the transportation industry. The new norm has changed t...

Overview of the Global Palm Oil Sector in 2020 and Outlook for 2021

Over the years, the global production of oils and fats has risen steadily. Out of 17 oils and fats cultivated in the world, only 4 oils have a significant share in the production oils and fats which are palm oil, soybean oil, rapeseed oil and sunflower oil. These four major oils contributed about 76...

Challenges Faced by Malaysian Palm Oil & the Way Forward

Palm oil remains one of the significant sectors in Malaysia’s economy and has been a critical contributor to the country’s socio-economic development. In 2020, the sector’s contribution to the Malaysian gross domestic product (GDP) was estimated at 3.7% (as of Q3), and the overall export reven...

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