Market Highlights

Market Highlights

Summary of MPOC & BMD’s Joint POINTERS

Malaysian Palm Oil Council (MPOC) and Bursa Malaysia Derivatives (BMD) collaborated to present a ‘Special Edition’ of POINTERS which was organized form 22 – 28 June 2020. This POINTERS featured presentations from an esteemed panel of 10 speakers who shared their views on on industry developments, pr...

Growth Avenues for Malaysian Palm Oil in Sub-Saharan Africa

Introduction Sub-Saharan Africa has always been a palm oil friendly region with 69% or approximately 7.1 million MT of oils and fats consumption being palm oil. Last year, this region imported a total of 2 million MT of Malaysian palm oil. Though palm oil is locally produced in this region, palm oil...

Palm oil Performance During COVID-19 in Egypt

The Egyptian government has started to adopt a coexistence strategy in the long-term to support precautionary measures while resuming services, businesses and economic activities. Egypt will resume international flights at all airports starting from July 1 amid preparations to resume foreign tourism...

Nigeria Palm Oil Demand Expected to Rise Post Covid-19

For Nigeria, Africa’s largest economy and biggest crude oil producer, the dual shock of the pandemic and a collapse in oil prices threatens to drive the country into a deep economic downturn. A crash in oil prices led the authorities to devalue the Naira in March, and further adjustments a...

African Continental Free Trade Area (AfCFTA) & its Impact on Edible Oil Trade

Background The African Continental Free Trade Area (AfCFTA) is a trade agreement encompassing the African continent. An initiative of the African Union (AU), the free trade agreement is set to be the largest in the world, with 54 out of 55 African countries had signed the agreement and as of July 20...

Palm Oil Demand Outlook 2020 in Vietnam

Vietnam is the second-largest importer of Malaysian palm oil in the ASEAN region. In 2019, the country imported 1.09 million MT of oils and fats, out of which palm oil was the major imported oil with a share of 87% (947,000 MT). Soybean oil and lard are the most produced oils and fats in Vietnam [&h...

Resilience of MPO Share in Bangladesh And Malaysian Investment Opportunity

MPOB data shows that export of MPO during Jan. – May period of 2020 to Bangladesh witnessed a significant growth to the tune of about 8 folds as compared to the corresponding of period of 2019 (Table – 1). Price competitiveness of MPO during the period contributed greatly towards this remarkable gro...

Worsening Covid-19 Situation in Pakistan to Affect Palm Oil Imports

Pakistan has seen the corona virus cases explode since the beginning of June witnessing consecutive days of highest daily recorded cases and deaths across the country. As of June 18, the total number of corona virus cases in Pakistan exceeded 160,000, placing Pakistan on the list of top 15 countries...

Near-Term Prospects of oil crop feedstock in the EU

In the EU Region, rapeseed is the dominant domestic crop which is primarily used as biofuel feedstock, food applications well as non-food applications. By pressing the seeds, a process known as crushing, the oil and cake are separated. The oil produced is used for cooking and food applications while...

Tight Soybean End Stock to Boost Soybean Prices

USDA estimated the 2020/21 US soybean ending stock to come in at 11.02 million MT, lower by 730,000 MT than its earlier estimate of 11.75 million MT. For the past three years, ending stock were pegged at 15.79 million MT in the marketing year of 2019/20, 24.74 million MT (2018/19) and 11.92 million ...

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