Market Highlights

Market Highlights

China’s Reviving Economy and The Demand of The Palm Oil

China has managed to arrest and contain the spread of the COVID-19 pandemic outbreak in a very effective manner. The is evident from reports by the Chinese authorities the shape of the pandemic and the small number of cases reported outside Hubei and is also a testimony to the success and the effect...

Pakistani Demand on Track Despite Covid-19

Major cities in Pakistan have been under lockdown since the third week of March to curb the spread of coronavirus. As of April 2, the total reported cases in Pakistan have exceeded 2300 with 32 deaths so far. Since Pakistan was among the countries where Covid-19 spread started in the second phase, t...

Big Drop in US Ethanol Prices

US ethanol prices have fallen to its lowest level in 17 years, according to a video from QuickTake by Bloomberg on ‘US Ethanol Producers See Prices Fall to Record Low as Demand Plummets’. S&P Global Platts reported that ethanol trading on Chicago’s Argo Terminal reportedly closed at USD 0....

China Soybean Crushing Capacity Moving Up North

Last year, due to the African Swine Fever (ASF) outbreak, crushing activities, especially soybean crushing, had experienced a negative growth for the first time in history. In general, China’s soybean crushing capacity has been growing rapidly since the late 1990s as a result of various policies imp...

MCO in Bangladesh Threatens Ramadan Demand for Oils & Fats

COVID-19 came as a havoc on oils and fats market of Bangladesh. Since Ramadan, the peak consumtion vis-à-vis import period of oils and fats in the country, is ensuing, refiners, importers and traders were ready for a bumper business and were prepared themselves accordingly. Importers cum refiners ha...

Key Issues Affecting Palm Oil in the EU and in EU Member States in 2020 and beyond

The following are the key issues affecting palm oil in the EU, in EU Member States and in other European countries during 2020 and beyond. 1. The EU’s Renewable Energy Sources Directive The key development in 2019, and which will likely continue to play an important role in the 2020 and beyond, is t...

Coronavirus implications on Egypt

Egypt’s Ministry of Health announced the total infected cases as of 25 March 2020 is 456 cases, including 95 cases that have been cured and discharged from hospitals, and 21 deaths. As at today, several preventive measures has been taken to combat the spread of the new virus including suspending int...

Impact of Covid-19 On Indian Vegoils Business

COVID-19 has wormed itself into the consciousness of people around the world. It has laid bare the boundaries created by men. In its rampage across the globe, it has brought the high and mighty to their knees. India has been a late entrant to the visitations of this virus. Almost all those afflicted...

Government of India Relaxes ‘Certificate of Origin’ Conditions

Below notification was issued by Ministry of Commerce and Industry, Department of Commerce Directorate General of Foreign Trade, Government of India on March 28, 2020. This notification recognises the fact that Government of India will not be able to issue Certificates of Origin (COO) in view of the...

Food Industry Likely to Maintain Palm Oil Imports in Turkey

The Republic of Turkey has been tested with geopolitical issues since 2018 that has seen a severe drop in its economy, mainly reflected in depreciation the Lira. However, by Q4 2019, things are looking to be positive for Turkey, heading into the new year with analysts anticipating a recovery in 2020...

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