Market Highlights

Market Highlights

What does Brexit mean for Malaysia and palm oil?

On January 31, 2020, the United Kingdom (UK) left the European Union (EU), thus regaining its sovereignty. According to the UK’s Prime Minister Boris Johnson, this also involves re-emerging “as a campaigner for global free trade.” What implications for palm oil and Malaysia are thi...

Emerging Markets: Uzbekistan’s Palm Oil Potential

Background Uzbekistan is Central Asia’s biggest market both in terms of economy and population. It is strategically located in the heart of the region with land border spreading over 6,893 kilometres with Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan. Despite being a double landlo...

Emerging Markets: Growth Segment for Palm Oil Within China

Edible oil consumption in China has been increasing consistently in the last decade due to the accelerating urbanization and improved living condition. Oils and fats consumption also grew from 32.2 million MT in 2010 to 39.7 million MT in 2019.  Per capita consumption of oils and fats rose from...

Suspension of Indian Import Licences for RBD Palm Products

Prior to Jan 2020, all palm oil and other vegetable oils were under the Free List category, i.e. imports did not require any license or permits. All this changed on 8th Jan 2020 when RBD Palm oil products, including RBD Olein (RBDPOP) were removed from the free list. This was a direct consequence of...

Emerging Markets: Evaluating Sub-Saharan Africa for Palm Oil Potential

Palm Oil Situation in Sub-Saharan Africa Sub-Saharan Africa with 1.08 billion population, is a place with many opportunities for business and development. As the total population increases over the years, the demand for oils and fats also has been increasing. The estimated consumption of palm oil wa...

Emerging Markets in Americas Region

Vegetable oils market in the Americas region is likely to gain momentum from a rise in the demand for healthy edible oil. Growing processed food industry in the region coupled with growth of the food service industry is further expected to aid the market growth of vegetable oils including palm oil. ...

Emerging Markets: Eurasian Economic Union

With the combined population of 190 million people and having GDP (PPP) of 5.0 trillion, the Eurasian Economic Union’s (EAEU) an economic union is a powerful trade partner on a global level located in central and northern Asia and Eastern Europe. Palm oil get on the markets in two ways: as raw...

Restrictions on Refined Palm Oil Import in India to Revitalize Palm Oil Refining Sector in Nepal

Nepal’s edible oil refining industries, which were suffering from underutilization of capacity since long, got a new life with the imposition of some restriction on imports of refined palm oil and palm olein on January 08, 2020 and has started issuing licenses to import refined palm olein from Nepal...

Would there be an Impulsive Consumption after the Covid-19 Lockdown is Lifted in China

End of Lockdown With the lockdown in Wuhan lifted on 8 Apr, China could be considered a country where covid-19 outbreak is official under controlled.  At the same time, recognizing the need to bring the economy back on track immediately, the country’s policymakers from central to local governme...

Impact of COVID–19 on Ramadan Consumption of Oils and Fats

Ramadan, the peak consumption period of oils and fat, especially palm oil in Bangladesh is about to commence. However, because of MCO (Movement Control Order) imposed by the Government to arrest spreading of COVID – 19, trading of oils and fats have fallen drastically to about one third of normal tr...

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