Market Highlights

Market Highlights

China’s Oleochemicals Market Offers Opportunities for Higher Palm-Based Derivatives and Palm Fraction Exports

1.0 Background China’s oleochemicals industry is huge and has a significant share of global production. In 2020, the country produced 1.7 million MT of fatty acid, 307,000 MT of fatty alcohol, 193,000 MT of fatty amines, 724,300 MT of glycerine, and 190,000 MT of soap noodles. Besides these, C...

CPO Price Sentiment for 2021

The 2nd Edition of MPOC’s Palm Oil Internet Seminar (POINTERS) 18th – 24th October 2021 The second edition of POINTERS by MPOC was held from 18th to 24th of October 2021. A panel of experts in this POINTERS seminar were engaged to provide updated assessments of the global edible oil market. Addition...

Positive Malaysian Palm Oil Market Outlook in Iran 2021

Iran market overview Iran is an important market for oils and fats, with the consumption already reached two million MT a year and relatively high consumption per capita at 24 kg. A high population of 84 million would also encourage the higher intake of oils and fats in the country Last year, even d...

Malaysian Palm Oil Exports to Sub-Saharan Africa is Projected to Rise in The Second Half of 2021

Sub-Saharan Africa is a very important market for Malaysian palm oil exports. In 2020, Malaysian palm oil exports performance to the SSA region recorded the highest growth of 34.1% increase over 2019 to reach 2.702 million MT. Despite being concerned about the lack of demand due to the Covid-19 pand...

Increasing Trend of Specialty Fats Exports from Russia to CAR

The combined volume of palm oil imports to Uzbekistan and Kazakhstan is rather small, at less than 10,000 MT. At the same time, the import of special fats is actively growing. Russia is taking a leading position due to its logistical advantages but nevertheless, Malaysian importers have a good chanc...

Current Indian Vegoils Scenario

Indian economy began on an optimistic note at the start of 2021. To boost the agricultural infrastructure, the government imposed Agriculture Infrastructure and Development Cess (AIDC) on imported goods in the Union budget 2021-22. However, to reduce the impact of the AIDC the basic custom duty on c...

Slump or New Normal? – European Palm Oil Imports 2021 and Beyond

Adding to the difficulties Malaysian palm oil has been experiencing since 2019 in the European market, COVID-19 made sure that the year 2020 and again the first six months of 2021 were disastrous. But the pandemic was only one of the influencing factors. This article gives an overview of the year 20...

Malaysian Palm Oil Export Performance in Asia Pacific Region in 2021

The Asia Pacific region is a major and significant market for Malaysian palm oil. In 2020, this region imported 10 million MT of oils and fats and palm oil is the main oil imported with a market share of 60% or 6 million MT. With a population of 933 million, the consumption of oils and […]

MPO in Bangladesh: What to Expect in the Price-Sensitive Market

Review on Oils and Fats Performance for 1st Half of 2021 Since March 2020, Bangladesh had been dealing with a blow caused by the pandemic that threatened the daily life of its people and the country’s economy, with industrial output, mainly the manufacturing and the services sectors suffering the bi...

Positive Outlook Remains for Palm Oil in China Despite the Recovery of Swine Sector

Review of China’s economy in 2021 China’s unrelenting efforts to tackle COVID have resulted in a significant increase in the country’s GDP growth for 2021. Although the COVID pandemic are still posing threats, economic activities has picked up after the country exited from a full lockdown since the ...

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