Market Highlights

Market Highlights

Review of MPO Export Performance to Nigeria (Jan-Sept 2020)

Overview of the Nigerian Palm Oil Situation Nigeria is a palm oil-producing country, producing a total of 1.22 million MT in 2019 (Oil World, 2020). It is the fifth-largest palm oil-producing country behind Indonesia, Malaysia, Thailand, and Colombia. With a population of more than 200 million, its ...

Malaysia’s Palm Oil Exports To China For 4th Quarter 2020 Is Anticipated To Remain At 2019’s Level

China is one of the biggest markets for palm oil in the world.  In 2020, 3 main issues are affecting the palm oil trade in China. Firstly, there is a surge in soybean imports as the hog industry recovers from the African Swine Fever (ASF) outbreak. This recovery encourages more soybean crushing...

Palm Oil Market Chain in Haiti

Haiti, the third largest country in the Caribbean has a size of 27,750 square kilometers. With an estimated population of 11.4 million, it is the second most populous country behind Cuba (USDA, 2019). Haiti is not a significant producer of food and agricultural product, it depends on imports to fulf...

Turkey’s Palm Oil Imports Weakened in September Amid Lower Food Manufacturing Activities and Weakening Lira

Palm oil in Turkey is expected to drop around 10 percent for 2020 as compared to 2019 as reported earlier to due to negative demand from the food services sector, especially due to the dwindling number of arrivals for tourists and business travellers to Turkey. Jan – Sep 2020 imports reached 620,635...

The Potential for Animal Feed Industry in Bangladesh Amidst Covid-19 Impact

Poultry and cattle farming have become an integral part of Bangladesh’s agro-based economy and rural livelihood. The sub-sectors of agriculture are livestock, poultry, fish and fisheries. Due to increasing demand, commercial poultry, cattle and fish farms have been gaining prominence over the last t...

Kenya Transformation to Become the Largest Malaysian Palm Oil Importer in Sub-Saharan Africa

Kenya, with a population of approximately 53.7 million, has become the biggest importer of Malaysian palm oil in the Sub-Saharan Africa region this year. Based on the latest MPOB data, MPO exports to Kenya has risen by a massive 185.6% from just 111,261 MT in Jan-Sep 2019 to 317,726 MT so far this y...

China Leads the Global Instant Noodle Consumption

Instant noodles also known as instant ramen are pre-cooked noodles sold in a dried block with seasoning powder packed separately. The instant popularity of instant noodles is due to its quick preparation time. The noodle became ready to eat just in two minutes by adding boil...

Factors affecting palm oil development and trade in Mexico

With a population of almost 130 million, Mexico is among the world’s 15 largest economies in the world and the second-largest economy in Latin America. However, its economy remains fragile despite maintaining a strong trade relationship with the United States and Canada. According to the Herit...

The Demand of Malaysian Palm Oil Products in the Asia Pacific Region.

The Asia Pacific (excluding China) is one of the vibrant economic regions in the world. In 2019, the total GDP value of Asia Pacific was USD 11.55 trillion which is contributed about 13.2% to the global GDP value. The Asia Pacific includes several emerging countries like Indonesia, Malaysia, Philipp...

Will Italian biodiesel soon sport “No Palm Oil” Labels?

Figure 1: The EU’s four largest palm oil importers 2019 (‘000 MT) The first wave of Covid-19 in the spring of 2020 hit Europe hard. Italy was the first country affected and its economic heartland, Lombardy, took a severe beating. But while the pandemic-induced woes led in countries like ...

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