Market Highlights

Market Highlights

India Tackles Covid-19 Fallout

The COVID-19 crisis has roiled the economy of India, like most other economies around the world. Figures of unemployment released as of April 2020, at 24%, paint a frightening picture. Besides fighting the challenges of the Covid-19 pandemic on the health of its people, the Government Of India  ...

Sunflower Oil Gaining Popularity among Chinese Consumer

Introduction In 2019, sunflower oil import in China increased significantly by 74.8% to 1.23 million MT, overtaking soybean oil as the 3rd highest imported oil in the same year, which saw the consumption of sunflower oil surging to 1.36 million MT. Although this volume is insignificant compared to o...

Emerging Markets: Opportunities for Palm oil in Asia Pacific Region

Palm oil is the most important commodities for Malaysia. According to the Department of Statistics, palm oil holds a 2.8% share in the Malaysian GDP in 2018. It is well received and sold into more than 160 countries globally.  In the global palm oil market, Malaysian palm oil (MPO) is always pl...

What Might the “New Normal” be for Palm Oil in the EU?

In the fight against the Coronavirus, members of the European Union (EU) seem to be looking out for themselves first. More so than the financial crisis of 2008, the virus has created a common threat. But the responses are inward-looking: closed borders between EU states. Export restrictions for crit...

Palm Oil Demand Outlook in the Philippines for 2020

Philippines maintained its position as the top importer of Malaysian palm oil in the ASEAN region. In 2019, the country imported 1.3 million tonnes of oils and fats and palm oil is the major imported oil with the share of 81% which equal to 1.04 million tonnes. As for local production, Philippines i...

Summary of the Webinar on Mitigating the Impact of Covid-19 on Malaysian Palm Oil Trade

MPOC hosted a webinar on ‘Mitigating the Impact of Covid-19 on Malaysian Palm Oil Trade’ on May 12, 2020. This webinar was moderated by Datuk Dr. Kalyana Sundram, CEO of MPOC. The distinguished panellists included Datuk Nageeb Wahab, CEO of MPOA; Mr. Mohd Haris Arshad, Managing Director of Sime Darb...

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...

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